4 Tips in the Crypto World that Helped Me Say Goodbye to a Monthly Salary of Over Ten Thousand! As a poor college student, I used a very simple method to earn a five-digit income in a year after entering the crypto world, which consists of just 4 steps: selecting coins, buying, position management, and selling. I will explain every detail clearly to you all. (I suggest saving and following to avoid losing it later.) I have tried many trading methods, which have allowed me to achieve relatively consistent profits. I am still using this method today, which is high and very stable.
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Step 1:
Add coins that have risen in the past 11 days to your watchlist,
but be careful to exclude any coins that have dropped for more than three days to avoid capital escape after profits.
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Step 2:
Open the candlestick chart and only look at coins with a monthly MACD golden cross.
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Step 3:
Open the daily candlestick chart and only look at a 60-day moving average,
as long as the coin price pulls back to near the 60-day moving average,
and after a volume candlestick appears, enter with a large position.
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Step 4:
After entering the market, use the 60-day moving average as a standard. If the price is above it, hold, and if it is below, sell. This is divided into three details.
The first is when the price increase of a wave exceeds 30%,
sell one-third,
the second is when the price increase exceeds 50%,
sell another third,
the third is quite important
and is the key to whether you can be profitable,
that is, if you buy in on that day,
and the next day there are unexpected situations,
if the coin price directly falls below the 60-day moving average,
you must exit completely,
don't hold onto any other lucky thoughts.
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Although the probability of falling below the 60-day line using this method of selecting coins based on monthly and daily lines is very low,
we still need to have a risk awareness.
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In the crypto world, the most important thing is to preserve your capital,
even if you have already sold,
you can wait for it to meet the buying conditions again
before buying back.
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In the end, the difficulty in making money is not the method but the execution.
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"When the coin price directly falls below the 60-day moving average, then exit completely, do not hold onto any other lucky thoughts.
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In summary, you cannot be rigid in the crypto world,
being adaptable is the way to survive in the market for the long term.