There is a dumbest method for trading cryptocurrencies that almost guarantees 100% profit. I made over 20 million using this method!
1. Buy mainstream valuable coins with a large position in spot (do not do contracts), no matter if it rises or falls, just hold it for the medium to long term, enter based on the entry price, and use the rolling position strategy (adding or reducing positions).
When the market crashes, don't panic if it doesn't break the 20-day line for four hours. There are several reasons:
a. Contract explosion: If you don't have the skills, don't easily play with contracts; they are completely different from spot data. Preserve your capital to continue enjoying the benefits of a bull market!
b. Pullback demand: After a surge in mainstream valuable coins, they generally have to pull back to the 5-day line after gapping high, or even to the 10-day line, to build up momentum for further increases!
c. Cutting leeks: Retail investors love to chase highs and sell lows. After retail investors chase high, the big players will quickly drop prices to scare retail investors into selling off their chips.
2. For profitable positions, reduce positions in advance or sell in batches at high levels to lock in profits.
3: Pre-set orders in batches at the daily level 5-day, 10-day, and 30-day lines to accumulate at low levels.
4: Use the lifeline strategy to judge the trend of rises and falls. If the trend changes and effectively breaks down, reduce positions in time during the pullback to the lifeline.
5. During a sharp rise, be aware of risks, don't blindly chase highs; during a sharp fall, be aware of opportunities, and accumulate positions in batches at low levels.
6: For profitable chips, reduce positions appropriately to avoid rollercoaster trading. For bottom-fishing positions, it is recommended to set stop-loss to protect capital.
7: If the direction is unclear, it is better to miss out than to make a wrong move. Preserve your capital to smile longer.
8: New group members should not rush to make money, let alone be greedy. First, study and follow seriously, practice skills with small funds, familiarize yourself with the laws of rise and fall in cryptocurrency trading, and find a sense of the market to reduce trading costs during learning and practice!
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