5 Tips in the Crypto World to Earn a Six-Figure Income Without Working!!!!

Once you enter the crypto world, it's as deep as the sea. From a novice to someone steady now, I used to be so frustrated I wanted to jump off a building, but now I earn a six-figure income monthly. It's not due to luck, but the experiences accumulated through ups and downs. Here are 5 tips suitable for beginners entering the crypto space.

1. Determine the trading cycle and trend cycle; the trend cycle should be longer than the trading cycle. For example, if you trade based on a 15-minute chart, you should first check the hourly chart to determine the trend.

2. Judge the trend; this point I believe doesn't need much explanation. If you don’t know how, check other platforms; it's very simple. Alternatively, look at the moving averages to see if it’s a bullish or bearish arrangement; go with the trend, and absolutely avoid counter-trend operations before a trend reversal.

3. Identify support and resistance levels. Beginners who don’t understand altcoins should trade well-liquidity coins like Bitcoin or Ethereum, as only coins with good liquidity will have more effective support and resistance levels, making it relatively easier than altcoins.

4. Set positions based on loss; this is very important. For example, if you're planning to go long and the most you can tolerate losing is 100 USDT, and you have a 5% distance to the stop-loss point and a 10% distance to the next resistance level, your position size should be 100 USDT ÷ 0.05 = 2000 USDT. This means you're risking a loss of 100 USDT to gain 200 USDT, giving you a risk-reward ratio of 1:2. The biggest advantage of this approach is that it won't affect your mindset; from the moment you open your position, you know you can only lose 100 USDT, and it's within your acceptable range.

5. Wait for entry signals; for example: wait for the K-line to rebound successfully after falling to a major support level, and then enter after confirming the closing of the trend cycle K-line.