4 Tips for Cryptocurrency Trading That Allow Me to Quit My Job!!!
4 Tips for Cryptocurrency Trading, from choosing coins, buying in, position management to selling, I will explain every detail clearly to you. I have tried many trading methods, which have allowed me to achieve relatively consistent profits. I am still using this method to this day, and it is both high and very stable.
Step 1:
Add coins with upward trends in the last 11 days to your watchlist,
but it is important to note that you should exclude any coins that have dropped for more than three days to avoid capital escaping with profits.
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Step 2:
Open the candlestick chart and only look at coins with a monthly MACD golden cross.
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Step 3:
Open the daily candlestick chart, looking only at the 60-day moving average,
As long as the coin price pulls back near the 60-day moving average,
and a volume candle appears, then enter with a heavy position.
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Step 4:
After entering, use the 60-day moving average as a standard, hold above,
and sell below. This is divided into three details.
One is when the segment's increase exceeds 30%,
sell one-third,
Two is when the segment's increase exceeds 50%,
sell another one-third,
Three is quite important
and is the key to whether you can profit,
If you buy in on the day,
and some unexpected situation arises the next day,
and the coin price directly drops below the 60-day moving average,
then you must exit entirely,
Do not hold any other false hopes.
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Although the probability of dropping below the 60-day moving average is very low using this method of selecting coins based on monthly and daily charts,
we still need to have risk awareness.
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In the cryptocurrency world, preserving capital is the most important thing,
Even if you have already sold,
you can wait until it meets the buying conditions again to buy back.
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Ultimately, the challenge in making money is not the method, but the execution.
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"When the coin price directly drops below the 60-day moving average, then exit entirely, do not hold any other false hopes."
