After learning my most foolish method of trading cryptocurrencies, I can now navigate the crypto space like I'm on autopilot, with a smooth journey ahead, all because I firmly grasp the following 10 rules:
1. If a strong coin has dropped continuously for 9 days from a high position, make sure to follow up promptly.
2. If any coin has risen for two consecutive days, be sure to reduce your position promptly.
3. If any coin rises more than 7%, there may still be an opportunity for a further increase the next day; you can continue to observe.
4. For strong bull coins, make sure to wait until the correction is over before entering the market.
5. If any coin has been stable for three consecutive days, observe for another three days; if there are no changes, consider switching to another.
6. If any coin fails to recover the previous day's cost price the next day, you should exit promptly.
7. If there are three on the gainers list, there will definitely be five, and if there are five, there will be seven. Coins that have risen for two consecutive days should be bought on dips; the fifth day is usually a good selling point.
8. Volume and price indicators are crucial; trading volume is the soul of the crypto space. When the price breaks out on increased volume at a low level, it requires attention; when there is increased volume at a high level with stagnation, you should decisively exit.
9. Only select coins that are in an upward trend for trading, as this maximizes your chances and saves time. A 3-day moving average turning upwards signifies a short-term rise; a 30-day moving average turning upwards indicates a medium-term rise; an 80-day moving average turning upwards signifies a main upward trend; and a 120-day moving average turning upwards indicates a long-term rise.
10. In the crypto space, small funds do not mean no opportunities. As long as you grasp the correct methods, maintain a rational mindset, strictly execute strategies, and patiently wait for opportunities, you can also achieve a wealth turnaround in this land full of opportunities. Remember, while the crypto space is good, the risks are also great. Only by continuously learning, summarizing experiences, and constantly improving yourself can you go further!
