Share a method for short-term trading using moving averages 💹 💹 💹
1. The three moving averages to refer to: 5, 10, and 20-day lines.
2. Below the 20-day line, there is a downtrend; there will be no significant market movement and no main upward wave. Trying to catch a rebound can easily result in being trapped; observe more and do not engage.
3. When the 20-day line is flat, it's a sideways trend, a stage for the main force to accumulate. Observe more and do not rush to enter; wait for the right time.
4. When above the 20-day line, there is an upward trend, and the main force is pulling and washing. You can enter at lows; if the sentiment is consistently bullish, there will be a main upward wave.
5. When the three lines converge and diverge upwards, it is a buying point.
6. If it breaks below the 5-day moving average, reduce your position by half.
7. If it breaks below the 10-day moving average, sell everything.
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