4 Tips for the Crypto World, Force Yourself to Finish Reading and You Will Be Great at Trading!

After 8 years in the crypto world, I have gained insight into a simple truth: The way to success is straightforward. I used a very simple method to achieve a five-figure income in a year, consisting of just 4 steps: from selecting coins, buying, position management, to selling. I will explain every detail clearly to you all. (I recommend saving + following to avoid losing it later.) I have tried many trading methods, which have allowed me to achieve relatively consistent profits. I still use this method today; it's highly efficient and very stable.

Step 1:

Add coins that have risen in the past 7 days to your watchlist,

but be careful to exclude any coins that have declined for 3 consecutive days or more, to avoid those where the main force has already taken profits and exited.

Step 2:

Open the candlestick chart and look only for coins with a MACD golden cross on the monthly level.

Step 3:

Open the daily candlestick chart; here, only look at the 60-day moving average,

As long as the coin price pulls back to near the 60-day moving average,

and a volume candlestick appears afterward, you can enter heavily.

(If you don't know how to read this, you can follow me)

Step 4:

After entering the market, use the 60-day moving average as a standard; if the price is above it, hold;

if it falls below, exit. This step is divided into three details.

First, when the fluctuation exceeds 30%,

sell one-third.

Second, when the fluctuation exceeds 50%,

sell another one-third.

Third, this is very important

and crucial to whether you can make a profit,

If you buy in on that day,

and the next day there are unexpected circumstances,

and the coin price directly falls below the 60-day moving average,

then you must exit completely,

do not harbor any other lucky thoughts.

Although the probability of falling below the 60-day line using this monthly and daily selection method is very low,

we still need to have risk awareness.

In the crypto world, preserving your principal is the most important thing.

Even if you have already exited,

you can wait for it to meet the buying conditions again

before buying back.

Ultimately, the difficulty in making money lies not in the methods but in execution.

"When the coin price directly falls below the 60-day moving average, then exit completely; do not harbor any other lucky thoughts.

In short, you cannot be rigid in the crypto world. Flexibility is the key to long-term survival in the market.