Learn this simplest method of trading cryptocurrencies, and you will slowly become rich. Understand well the following ten rules.
Learn this simplest method of trading cryptocurrencies, and you will slowly become rich. Understand well the following ten rules: 1. If a strong cryptocurrency has consistently decreased for 9 days at a high level, make sure to follow up immediately. 2. If any cryptocurrency has risen for two consecutive days,
make sure to reduce your position in a timely manner. 3. If any cryptocurrency rises by more than 7% the next day, consider the opportunity for a pullback, and you may continue to observe. 4. Always enter the market only after the previous uptrend has ended. 5. If any cryptocurrency has three consecutive days of low volatility, watch for another three days; if there is no change, consider changing your holdings. 6. If any cryptocurrency fails to recover the previous day's cost the next day, you should exit immediately. 7. In the list of winners, if there are three, there will be five; if there are five, there will be seven. For cryptocurrencies that rise for two consecutive days, you should enter on a drop, as the fifth day is usually a good selling point. 8. Volume and price indicators are crucial; trading volume is considered the lifeblood of the cryptocurrency market. When the price breaks a low level during consolidation, it needs attention; when the high level witnesses an increase in volume but is stagnant, exit decisively. 9. Only choose cryptocurrencies that are in an upward trend for trading; this increases gains and avoids wastage. When the 3-day moving average turns upward, it indicates a short-term rise; when the 30-day moving average turns upward, it indicates a medium-term rise; and when the 80-day moving average turns upward, it indicates a major upward trend; the 120-day moving average indicates a long-term rise. 10. In the cryptocurrency market, small capital does not mean a lack of opportunities. As long as you master the right methods, maintain a rational mindset, and execute your strategies accurately while waiting for opportunities. Finally, I advise everyone not to dedicate themselves to trading cryptocurrencies, especially not to trade with borrowed money.
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