Essential Cryptocurrency Trading Secrets for Beginners!
1. For strong coins, if they fall from a high position for 9 consecutive days, be sure to follow up promptly.
2. If any coin has risen for two consecutive days, be sure to reduce your holdings promptly.
3. If any coin rises more than 7%, there is still a chance for further gains the next day; you can continue to observe.
4. Be sure to wait until the pullback is over before entering strong bullish coins.
5. If any coin has had three consecutive days of low volatility, observe for three more days; if there is no change, consider switching.
6. If any coin fails to recover the previous day's cost price the next day, you should exit promptly.
7. In the ranking of price increases, if there are three, there must be five; if there are five, there must be seven. For coins that have risen for two consecutive days, enter at a low point; the fifth day is usually a good selling point.
8. Volume and price indicators are crucial; trading volume is the soul of the crypto world.
When the coin price breaks out with increasing volume at a low level, it needs attention.
If there is a situation of increasing volume at a high level but stagnant price, decisively exit.
9. Only choose coins that are in an upward trend for trading; this maximizes the chances and avoids wasting time. A 3-day moving average turning upward indicates a short-term rise; a 30-day moving average turning upward indicates a medium-term rise; an 80-day moving average turning upward signifies a main upward trend; a 120-day moving average turning upward indicates a long-term rise.
10. In the crypto world, small funds do not mean no opportunities. As long as you master the correct methods, maintain a rational mindset, strictly execute strategies, and patiently wait for opportunities, you can achieve a financial turnaround in this land full of opportunities.
Remember, while the crypto world is good, the risks are also great. Only by continually learning, summarizing experiences, and constantly improving oneself can one go further!