Having been in the cryptocurrency world for many years, Lao Zhang summarizes ten methods based on his personal experiences:
1. If a strong coin drops continuously for 9 days at a high position, be sure to follow up in a timely manner.
2. If any coin rises for two consecutive days, be sure to reduce your position in a timely manner.
3. If any coin rises more than 7%, there is still a chance for further highs the next day, so continue to observe.
4. For strong bull coins, be sure to wait until the correction is over before entering the market.
5. If any coin has been fluctuating calmly for three consecutive days, observe for another three days, and if there is no change, consider switching.
6. If any coin fails to regain the previous day's cost price the next day, you should exit in a timely manner.
7. Among the rising list, if there are three, there must be five; if there are five, there must be seven. For coins that have risen for two consecutive days, buy on dips, as the fifth day is usually a good selling point.
8. Volume-price indicators are crucial; trading volume is considered the soul of the cryptocurrency world. When the price of a coin breaks out with high volume at a low consolidation level, it needs attention; when high volume occurs at a high level with stagnation, it is necessary to exit decisively.
9. Only choose coins that are in an upward trend for operation, as this maximizes your chances and saves time. If the 3-day moving average turns upward, it indicates a short-term rise; if the 30-day moving average turns upward, it indicates a mid-term rise; if the 80-day moving average turns upward, it indicates a main upward trend; if the 120-day moving average turns upward, it indicates a long-term rise.
10. In the cryptocurrency world, having small funds does not mean there are no opportunities. As long as you master the correct methods, maintain a rational mindset, strictly execute strategies, and patiently wait for opportunities, you can achieve a turnaround in wealth on this land full of opportunities. Remember, while the cryptocurrency world has its benefits, it also carries significant risks. Only by continuously learning, summarizing experiences, and constantly improving oneself can one go further.
