Even if you are a beginner in the cryptocurrency world, as long as you strictly follow this method, you can easily make money!
First, we need to set three moving averages on the K-line chart: the 5-day moving average, the 15-day moving average, and the 30-day moving average. The 30-day moving average is the lifeline and serves as a strong support or resistance. Then, you can use these three moving averages to buy and sell cryptocurrencies.
1. The selected cryptocurrency must be in an upward trend. Of course, those in a consolidation phase are also acceptable, but those in a downward trend or with downward-opening moving averages should definitely not be chosen.
2. Divide your funds into three equal parts. When the price breaks above the 5-day moving average, buy 30% with a light position. When the price breaks above the 15-day moving average, buy another 30%. Similarly, when it breaks above the 30-day moving average, buy the final 30%. This requirement must be strictly adhered to.
3. If the price does not continue to break above the 15-day moving average after breaking the 5-day moving average and instead shows a pullback, as long as the pullback does not break below the 5-day line, keep your original position. If it breaks below, sell.
4. Similarly, if the price breaks the 15-day moving average but does not continue to rise, hold as long as it does not break the 15-day moving average. If it breaks below, first sell 30%, and if it does not break the 5-day moving average, continue to hold the remaining 30% position.
5. When the price continues to break above the 30-day moving average and then shows a pullback, sell according to the previous method.
6. Selling is the opposite. When the price is high, if it breaks below the 5-day line, first sell 30%. If it does not continue to fall, hold the remaining 60% position. If the 5-day, 15-day, and 30-day lines are all broken, sell everything; do not hold onto false hope.
This "foolproof" operation method, although simple, is most importantly about execution. Once you buy, the trading system is established, and only by strictly adhering to trading discipline can you earn profits.
Still, the saying goes: bulls have their strategies, bears have their ways of playing.
We will not lead our followers to liquidation, nor will we blindly open positions.
It's all about being steady and seeking victory, making steady progress. Those who want to profit should keep up!
