After ten years of trading cryptocurrencies, starting with a principal of 100,000 and making a furious profit of 5 million, then suffering a massive loss of 5 million to now making a furious profit of 12 million, I, Lao Jiu, have decided to share the experiences I have summarized over the years. I will explain how I survived in this market and how I ensured my invincibility, which can at least help you avoid a few years of detours. What you learn can directly turn your losses into gains!
💎Regarding trading volume: As the saying goes, 'before the army moves, the supplies must be prepared.' The formation of the trend in the early stages is an essential part, especially the first increase in volume after a period of sideways movement, which must be closely monitored. This is not the best entry point; the first volume surge will inevitably have a correction, and when the second volume surge occurs, that is our best entry opportunity!
💎Regarding price: It is crucial to pay attention to the closing price. The fluctuations during the process are not important. If the closing price can stabilize, it indicates that the main force is about to take action. How to distinguish between a true and false breakout? My conclusion is that if the closing price can stay above the resistance level, then the probability of a breakout is very high!
💎Regarding entry timing: Before a breakout, the coin price should ideally have undergone a long period of sideways accumulation. The longer, the better. The accumulation zone should ideally have less than 10% fluctuation. Once the main force completes a large amount of accumulation, it will undoubtedly move forward with a devilish pace, not looking back!
💎Regarding resistance levels: You must identify previous resistance levels, for example, during a previous decline, if there was support in that range and it stayed there long enough, then this position is the resistance level for the upcoming rise. Under normal circumstances, when at a key resistance level, a direct breakout on the first attempt can generally be judged as a false breakout. At this position, it is advisable to exit first and wait for a minor correction before re-entering!
💎 If you still haven’t learned, you now have only two choices:
(Choice A) ❌ Gambler
☹️ Continue fighting alone, relying on luck to make money, and ultimately losing due to lack of skill, being overwhelmed by the market tide!
(Choice B) ✅ Join Lao Jiu's team
Follow Lao Jiu closely, using precise strategy analysis and massive AI big data selection, to ensure your invincibility?
The market never lacks opportunities; the question is whether you can seize them. By following the right people, you can survive long-term in the market and earn more!
