I have been trading cryptocurrencies for five to six years, entering the market with 200,000, and now I rely on this to support my family. This is because I have practiced and repeatedly used many useful things I have learned, mastering them in my own hands. This process is indeed very difficult. For the sake of living and supporting my family, today I will share some knowledge:

1. Divide your funds into five parts and only invest one-fifth at a time! Control a stop-loss of 10%. If you make a mistake once, you only lose 2% of your total funds; if you make five mistakes, you lose 10% of your total funds. If you are correct, set a take-profit of more than 10 points. Do you think you will still be stuck?

2. How to further increase the win rate? Simply put, go with the trend! In a downtrend, every rebound is a trap to lure buyers, while in an uptrend, every drop creates a golden opportunity. Do you think it’s easier to make money by bottom-fishing or by buying on dips?

3. Avoid trading cryptocurrencies that have surged rapidly in the short term, whether mainstream or altcoins. There are very few cryptocurrencies that can go through several waves of main upward trends. The logic is that it is difficult to continue rising after a short-term surge. When it stalls at a high level, it will naturally fall later. It’s simple reasoning, but many still want to take a gamble.

4. You can use MACD to determine entry and exit points. If the DIF line and DEA cross golden below the zero axis and then break above the zero axis, it is a solid entry signal. When MACD forms a death cross above the zero axis and starts to move downwards, it can be seen as a signal to reduce holdings.

5. I don’t know who invented the term ‘averaging down,’ but it has caused many retail investors to stumble and suffer huge losses! Many people keep averaging down as they lose more, which is the biggest taboo in trading cryptocurrencies and puts them in a dead end. Remember to never average down during losses; instead, add to your position when you are in profit.

6. The volume-price indicator is the first priority. Trading volume is the spirit of cryptocurrency trading. Pay attention to significant volume breakouts at low prices during consolidation, and decisively exit when there is high volume stagnation at high prices.

7. Only trade cryptocurrencies in an upward trend, as this maximizes your chances and saves time. An upward turn in the 3-day moving average indicates a short-term rise, an upward turn in the 30-day moving average indicates a medium-term rise, an upward turn in the 84-day moving average indicates a main upward trend, and an upward turn in the 120-day moving average indicates a long-term rise!

8. Persist in reviewing each session, checking if there are changes in your holding strategy, technically observing whether the weekly K-line trend aligns with your judgments, and if there has been a trend change, adjust your trading strategy in a timely manner.

Pay attention to: ACA LPT ARDR