In the cryptocurrency world, some people can drive luxury cars, while others are constantly stuck in losing positions. Do you know the reasons behind this? The following are essential points to remember; if you keep them in mind, making 1 million U is definitely possible.

1. The golden time starts after 9 PM; during the day, market news is flying everywhere, and prices are fluctuating wildly. At night, it’s quiet, the trends are clear, the US stock market opens, making it easier to see the direction.

2. Focus on securing profits. For example, if you earn 1500 U, immediately withdraw 500 U to your bank account and play with the rest. Don’t be greedy; I’ve seen too many people who earn but don’t take profits and end up giving it all back.

3. Look at indicators; don’t rely on gut feelings. Before making a trade, check the MACD golden cross and dead cross, and the RSI for overbought or oversold conditions. Only act when at least two indicator signals agree; don’t act on feelings alone.

4. Be flexible with stop-losses. When monitoring the market, if you make a profit, move your stop-loss price up (for example, from 1000 to 1100). Don’t let the system automatically trigger a stop-loss. However, if you need to step away, set a hard stop-loss of 3% to guard against sudden market crashes. No matter how much you earn, if you don’t withdraw, it’s just a number! I withdraw 40% of my profits to my bank account every Monday and let the rest continue to grow.

5. There’s a method to reading candlesticks. For short-term trading, focus on the daily and 1-hour charts for positioning, and look for selling points on the 15-minute chart. If the price rises for two consecutive hours, go long; if it’s in a sideways movement, switch to the 4-hour chart to find support levels and enter when it approaches.

6. Avoid these pitfalls: Don’t use leverage greater than 10 times (new traders should stay within 5-10 times); avoid altcoins that aren’t listed on Binance, and limit yourself to a maximum of 3 trades a day; overtrading can lead to impulsivity. Absolutely do not borrow money to trade cryptocurrencies!

Remember, trading cryptocurrencies is not gambling; treat it like a job. Clock in at the right time, turn off your computer after work, eat and sleep well, and money will come more steadily. Don’t think you can turn a few hundred U into 1 million U; if you don’t gamble, you’ll find that a little monthly trading feels like receiving a salary. For example, if you have 5000 U and make around 30% a month, you would earn 1500 U in a month, equivalent to 10000 RMB. Isn’t that great? If you don’t withdraw and let it continue to grow, next month you’d have 6500 U, making 30% or 1950 U. So, is it necessary to gamble?

If you can’t read the market, don’t understand the technology, or can’t interpret the news, and importantly, can’t distinguish between true and false information, you should focus on studying and learning well.

🔥 Contact @炬哥趋势 to not miss any opportunity to profit significantly.