Even if you are a newcomer to the cryptocurrency world, you can still make money effortlessly using three moving averages.
Trading cryptocurrencies doesn't have to be complicated; the more flashy the operations, the easier it is to lose direction. Today, I will teach you a 'mindless but effective' method. As long as you control your actions and strictly follow the rules, making some steady money isn't difficult.
Core tools: 5-day, 15-day, 30-day moving averages.
The 30-day moving average is the lifeline—if the price is above it, there’s still hope for the market; if it breaks below, run quickly, don’t hesitate.
Buying strategy: Three batches, steady as a rock.
Choose coins: Only trade coins in an upward trend, preferably with moving averages diverging upwards. Downward trends? Don’t touch them; bottom fishing is for experts, and newcomers shouldn’t be offering themselves as sacrifices.
First purchase (30% of the position): When the price breaks above the 5-day line, test the waters lightly.
Second purchase (30% of the position): If it continues to break above the 15-day line, it indicates a strengthening trend, add more.
Third purchase (30% of the position): If it breaks above the 30-day line? The trend is stable, go all in for the final strike!
Key point: If it fails to surge after breaking the 5-day line and instead pulls back—if it doesn’t break below the 5-day line, hold on; if it breaks, cut losses immediately, don’t cling to the battle.
Selling strategy: Turn it around, be quicker than anyone else.
First sell (30% of the position): If it falls below the 5-day line at a high point, pull back some to lock in profits.
Second sell (30% of the position): If it continues to fall below the 15-day line, pull back again, don’t fantasize about a rebound.
Clear out: If the 30-day line is also broken? Don’t hesitate, get out completely! Wait for the trend to strengthen again before coming back.
Final advice:
This method is simple, but 90% of people lose money because they fail to execute discipline. They become greedy when prices rise, play dead when they fall, and end up getting trapped while cursing the market. Remember: making money relies on trends, survival relies on discipline.
The cryptocurrency world is not short of opportunities, but it lacks patience. By following this method, you can at least outperform those 'gamblers' chasing highs and lows every day.
Stay close to Yuanbao, precise targeting.