I have paid over a million in tuition to understand: trading coins to make money does not require complex operations; this method can be learned by elementary school students, and following it will help you outperform 90% of the retail traders.
Coin selection tips (avoid 99% of the pitfalls): Look for strong coins in recent times, filter for "top 50 in the past 11 days", but directly skip those that have fallen for 3 consecutive days! This may be a trap where the market maker is pushing the price up to offload.
For monthly-level points, open the monthly chart and only look for coins that show "golden finger" signals -- MACD with two lines crossing upwards at the bottom; such coins are very likely to trigger major trends.
Daily line precision aiming at the daily line chart, focusing on the 60-day moving average. When the coin price retraces to near this line and a large bullish candle appears (trading volume is more than 1.2 times the average of the previous 5 days), it is the best buying point.
Buying and selling mantra (three life-saving rules)
Buying point confirmation example: BNB + current price 280 USD, 60-day moving average at 260, when the price drops to 265 and suddenly surges in volume, enter immediately!
Stair-step profit-taking method: Sell 1/3 at a 30% rise, another 1/3 at a 50% rise, and hold the remaining 1/3 until doomsday (unless it drops below the life line).
Lifesaving trick: After buying, if the closing price drops below the 60-day line, immediately liquidate! Remember it's the closing price, not a spike; confirm at midnight.
Three, pitfall avoidance guide (old retail trader's bitter experience)
Do not buy coins ranked outside the top 100 by market cap, do not buy those with a 24-hour trading volume of less than 10 million USD, and do not buy projects that have not moved for 3 months. Pause operations in the following situations: Bitcoin suddenly surges or plummets more than 10%, the US announces interest rate hikes, or there are rumors of exchange outages.
Position control secret: Divide your funds into 10 parts, and buy only 1 part each time. Always keep 30% on hand; when a crash happens, you are the boss!
Mindset cultivation (the key to truly making money) Rainbow.
Set automatic reminders in T...+ set price alerts (60-day line +3%), only act when you hear the "ding" sound to avoid impulsive trading. Spend 5 minutes every night at 10 PM checking: whether your holdings are above the 60-day line, whether Bitcoin is in sideways fluctuations, and if there are any sudden big news events. Countermeasure: When all groups shout "go all in", immediately sell 1/3 of your position; when the group is silent as a chicken, prepare to bottom fish!
Remember: This method is like cruise control in a car, allowing you to reach your destination safely. But when encountering heavy rain (extreme market conditions), you must take the wheel yourself! Go practice now, and next month you will come back to thank me.