🚀 The simplest way to trade cryptocurrencies to build long-term wealth 🧠💰
Master these ten golden rules, and you'll far surpass the average trader:
1. 9-day decline rule:
If a strong currency has declined for 9 consecutive days at high levels, start tracking it. A rebound may be near.
2. Two-day rise alert:
After two consecutive days of gains, reduce your positions. Taking profits is smart trading.
3. Warning of a 7% rise:
If a currency rises more than 7% in one day, expect a pullback. Be patient and watch.
4. Buy after the uptrend ends:
Never enter in the middle of a rise. Wait for the noise to settle - then strike.
5. Volatility rule 3+3:
If the currency has settled for 3 days, watch for 3 more days. No movement? It's time to change direction. 6. Cost recovery rule:
If the currency cannot recover the previous day's price, withdraw without hesitation.
7. Momentum pattern rule:
3 winners become 5
5 become 7
If the currency rises for two days, buy on the price dip - the fifth day is often a peak.
8. Trading volume is the decisive factor 👑:
Breakout + high trading volume = rise
Recession + high trading volume = quick exit
9. Only trade in upward trends:
Rise of the 3-day moving average = short-term rise
Rise of the 30-day moving average = medium-term growth
Rise of the 80 and 120-day moving averages = long-term trend in play
10. Final advice:
Small capital? No problem, discipline and patience are better than size.
Never trade full-time or with borrowed money. Maintain your mental and financial health.
Discipline > Emotion. Strategy > Hope. Stick to the process, and you'll reap the profits. 📊🔥
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