If you are determined to trade cryptocurrencies for a lifetime, and hope to support your family through trading one day! Then, please remember the following 10 iron rules. The content is not much, but every sentence is valuable. Share it with those destined to receive it!
1. For a strong coin, if it falls continuously for 9 days from a high position, make sure to follow up in a timely manner.
2. If any coin rises for two consecutive days, make sure to reduce your position in a timely manner.
3. If any coin rises more than 7%, there is still a chance for an upward movement the next day, you can continue to observe.
4. For strong bull coins, make sure to enter the market only after the correction has ended.
5. If any coin has been stable for three consecutive days, observe for another three days. If there is no change, consider switching to another coin.
6. If any coin fails to recover the cost price of the previous day, you should exit in a timely manner.
7. In the ranking of rising prices, where there are three, there must be five; where there are five, there must be seven. For coins that have risen for two consecutive days, it is advisable to enter at a low point; the fifth day is usually a good selling point.
8. Volume and price indicators are crucial; trading volume is regarded as the soul of the cryptocurrency market. When the price breaks out with increased volume at a low level, it needs attention; if there is increased volume at a high level with stagnation, you should exit decisively.
9. Only choose coins that are in an upward trend for trading, as this maximizes your chances and prevents wasting time. When the 3-day moving average turns upwards, it indicates a short-term rise; when the 30-day moving average turns upwards, it means a medium-term rise; when the 80-day moving average turns upwards, it indicates a main upward trend; when the 120-day moving average turns upwards, it indicates a long-term rise.
10. In the cryptocurrency field, having small funds does not mean there are no opportunities. As long as you master the correct methods, maintain a rational mindset, strictly execute strategies, and patiently wait for opportunities to arise.
My trading method is very simple and practical. I turned 8 digits in just one year, entering the market only when I see opportunities, not trading without patterns, and I have maintained a winning rate of over 90% for five years!
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