Ten years of trading cryptocurrencies, I've made 1.1 small goals. If you want to change your fate, you must try the crypto circle. If you can't even make gains in this circle, ordinary people will have no chance in their lifetime.
Methods for trading cryptocurrencies: 📚📚📚
1. Purchase mainstream valuable coins with large positions in spot trading (do not trade contracts). Regardless of whether it rises or falls, just hold it for the medium to long term. Enter based on the entry price and use a rolling position strategy (adding or reducing positions).
When the market crashes, don't panic if the four-hour chart does not break the twenty-day moving average; there are several reasons:
a. Contract explosion: If you don't have the expertise, don't play with contracts easily; the data is completely different from spot trading. Protecting your principal is essential to continue enjoying the benefits of a bull market!
b. Pullback demand: After mainstream valuable coins surge, they usually need to pull back to the five-day moving average, or even the ten-day moving average, before gaining energy to continue rising!
c. Cutting leeks: Retail investors often chase highs and sell lows. After retail investors chase highs, the major players will quickly drop the price to scare the retail investors into cutting their losses.
2. For profitable trades, reduce positions in advance or sell in batches at high points to lock in profits;
3. Set limit orders in batches in advance at the five-day, ten-day, and thirty-day moving averages on the daily chart, buying at low positions.
4. Use the lifeline strategy to judge the trend of rises and falls. If the trend changes and breaks down effectively, reduce positions promptly when it pulls back to the lifeline.
5. When there is a surge, always maintain risk awareness and do not blindly chase highs. When there is a crash, be aware of opportunities and buy in batches at low points.
6. For profitable positions, reduce them appropriately to avoid rollercoaster trading. For bottom-fishing positions, it is recommended to set stop-loss orders to protect your principal. $BTC $ETH $XRP
7. When the direction is unclear, it is better to miss opportunities than to make mistakes. Protecting your principal allows you to smile longer.
8. New members should not rush to make money and should avoid greed. First, study diligently, hone your skills, practice with small funds to familiarize yourself with the rise and fall patterns of digital currency trading, and find your trading sense to reduce trading costs during learning and practice!