#常见交易错误 4 tips for trading cryptocurrencies that helped me recover from a 200,000 loss.

After stumbling through the crypto world for 8 years and taking many detours, the bitterness and hardships I experienced cannot be understood without personal experience. From the initial enthusiasm and relying on feelings, I made a small profit of a few tens of thousands and thought I was the chosen one, then heavily invested and faced liquidation again and again. It wasn't until I lost 200,000 that I began to realize there is no such thing as constant good luck. After several sleepless nights following liquidation, my mind was filled with images of how to turn things around. Suddenly, I had a flash of inspiration: is there analysis data in cryptocurrency trading similar to stock trading? I really found it, and after repeated successes over 8 years, I want to share it with everyone now.

Step 1:

Add cryptocurrencies with rising rankings in the last 10 days to your watchlist.

However, it is important to note that cryptocurrencies that have fallen for three consecutive days should be excluded to avoid capital fleeing after profits.

Step 2:

Open the candlestick chart and focus only on cryptocurrencies with a monthly MACD golden cross.

Step 3:

Open the daily candlestick chart, and here only observe the 60-day moving average. As long as the cryptocurrency price pulls back to near the 60-day moving average and a volume candle appears, enter the market heavily.

Step 4:

After entering the market, use the 60-day moving average as a standard. If the price is above it, hold; if below, exit and sell. This is divided into three details:

1. When the price increase of the wave exceeds 30%, sell one-third.

2. When the price increase of the wave exceeds 50%, sell another one-third.

3. The most important part that determines whether you can make a profit is that if you buy in on the same day and the next day an unexpected situation occurs where the price directly falls below the 60-day moving average, then you must exit completely. Do not hold onto any other lucky thoughts.