#TradingCommunity
🚀 8 Key Tips for Cryptocurrency Trading!
1️⃣ Divide your capital into 5 parts, enter only 1/5 with each trade. Stop loss 10% — loss of only 2% of capital if you make a mistake, up to 10% if you make 5 mistakes. Take profit >10%. Can you get squeezed?
2️⃣ Increase your chances, follow the trend! In a downtrend — avoid rebounds, in an uptrend — look for “golden pits”. Is it easier to make money at the bottom or the peak?
3️⃣ Avoid coins with a short-term jump — growth after it is rare. The market falls after a plateau, luck does not save!
4️⃣ Use MACD: a golden cross below zero for entry, a dead point above zero for exit.
5️⃣ Forget about “topping up” in losses — it is taboo! Topping up only when making a profit.
6️⃣ Watch the volume: it is the soul of the market. A break of the level with volume is an entry, a high position with volume is an exit.
7️⃣ Trade only in an uptrend. The 3-day line is a short-term growth, the 30-day line is a medium-term one, the 84- and 120-day lines are a long-term one.
8️⃣ Analyze weekly: check trends on weekly candles, adjust your strategy in time!
💡 Trade smartly!
