How do you make money trading cryptocurrencies? A fan of mine has made over 300,000 using my trading methods!
There are indeed tricks to trading cryptocurrencies, just follow these steps:
First, don't act recklessly during sideways movement; wait for a breakout before taking action. When the market direction is unclear, don't rush to trade; be patient and wait for clarity before acting. This approach is more stable.
Second, don't hold onto popular positions for too long; you need to change them frequently. Once the hype around a popular position fades, the funds will pull out. If you're slow to react, you risk being trapped, so always keep an eye on your positions and switch them in a timely manner.
Third, when there's a significant gap up, hold on tight. If during an upward trend you see a high opening bullish candlestick with increased volume, it indicates the market is accelerating. At this point, hold onto your coins steadily and wait for further increases.
Fourth, if a large bullish candlestick appears, exit quickly at the end of the trading day. Whether at a high or low point, a large bullish candlestick often signals a pullback is likely. Even if it hits the limit, you should exit quickly; otherwise, your profits may vanish.
Fifth, buy on bearish candlesticks and sell on bullish candlesticks. You need to learn to read indicators such as moving averages, support levels, and resistance levels. The daily moving average acts like an offensive line; observe it for three to one week, and don't hesitate when making short-term trades.
Sixth, don’t sell when prices spike and don’t buy when prices plummet; stay still during sideways movement. This is an important survival rule in the cryptocurrency market; remember it well.
Seventh, prepare before buying and prioritize smaller investments. Don't invest all your funds at once; the cryptocurrency market changes too quickly and has too much uncertainty. Before buying, ask yourself four questions: Why am I buying? How do I plan to operate? What if it drops? How will I respond if I’m trapped? Once you have clarity, you can respond effectively, and stable profits will become easier to achieve.
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