4 tips for trading cryptocurrencies that can help you earn over ten thousand a month without a day job!

I have a poor college student as a student who entered the crypto space using a very simple method and made five figures in a year, just in 4 steps: from selecting coins, buying, position management to selling, I will explain every detail to you clearly.

I have tried many trading methods that have allowed me to achieve relatively consistent profits, and I am still using this method now, which is very high and stable.

Step 1:

Add coins that have risen in the ranking within 11 days to your watchlist.

However, it is important to note that coins that have fallen for more than three days should be excluded to avoid capital escaping after making a profit.

Step 2:

Open the K-line chart and look only at the coins that have a MACD golden cross on the monthly level.

Step 3:

Open the daily K-line chart and only look at the 60-day moving average.

As long as the coin price retraces to the vicinity of the 60-day moving average,

after a volume spike, then enter the market heavily #CPI数据来袭 .

Step 4:

After entering, use the 60-day moving average as a standard. If it is above the line, hold on,

if it is below the line, sell. There are three key details #币安Alpha上新 :

One is to sell one third when the wave's increase exceeds 30.

Two is to sell another one third when the wave's increase exceeds 50.

Three is quite important and also a key factor in determining whether you can make a profit:

If you bought on the same day

and the next day there is some unexpected situation where the coin price directly falls below the 60-day moving average,

then you must exit completely without any other wishful thinking.

Although the probability of falling below the 60-day moving average is very low using this method that combines the monthly and daily lines,

we still need to have a risk awareness.

In the crypto space, preserving capital is the most important thing, but even if you have already sold $XRP ,

you can wait to buy back when it meets the buying condition again $ETH .

Ultimately, the challenge in earning money is not the method, but the execution.

"When the coin price directly falls below the 60-day moving average, then exit completely without any other wishful thinking $BTC .

In summary, you cannot be rigid in the crypto space #稳定币日常支付 .

Being adaptable is the way to survive in the market long-term.

Follow my writing account "Crypto Circle Sunny Day" to get the latest crypto intelligence and trading skills.