Cryptocurrency spot market, frantically bottom fishing.

Let's go into more detail below.

Step one: Look at the trend first.

The state of the market.

The market can result in three outcomes: rising, sideways, or falling.

What is a major market trend? Look at charts with a timeframe of 4 hours or more.

For example, 4 hours, daily, weekly.

Go long on upward trends, short on downward trends, and don't trade in a sideways market.

Step two: Look for key levels.

Regardless of whether the market is rising or falling, it will jump like a bouncing ball, level by level, either from bottom to top or top to bottom.

What we need to do is enter the market at the jumping point and exit at the next drop point. Finding the precise steps becomes key.

This is what we refer to as key levels (main support and resistance levels).

(For how to accurately find major support and resistance levels, you can refer to my previous articles.)

Step three: Look for signals.

Generally, if you find a market trend in a larger timeframe, you should look for trading signals in a smaller timeframe to enter.

Everyone has different strengths in trading strategies; mastering one or two is enough.

More importantly, quickly formulate a trading strategy.

A complete trading strategy includes

(1) Asset - What to trade;

(2) Position - How much to hold;

(3) Direction - Long or short;

(4) Entry point - At what price to trade;

(5) Stop loss - When to exit a losing trade;

(6) Take profit - When to exit a profitable trade;

(7) Countermeasures - How to deal with sudden situations;

(8) After-trade actions - What to do after the trade ends.

The famous TLS technical analysis method: trend + key positions + signals = successful trade.

Before every trade, follow the process to formulate a strategy; I believe you won't lose too much.

Forming good habits over time, you will discover your shortcomings during the trading process. Work hard to change them, and you will succeed!

The second type:

First step: Add coins with significant increases in the last 11 days to your watchlist, but be careful to exclude any coins that have fallen for more than three days to avoid exiting with profits.

Step two: Open the candlestick chart and only look at the coins with a MACD golden cross at the monthly level.

Step three: Open the daily level candlestick chart, focusing only on the 60-day moving average. As long as the price pulls back near the 60-day moving average and there is a volume increase, enter heavily.

Step four: After entering the trade, use the 60-day moving average as a standard; if it's above, hold; if it's below, exit and sell. This is divided into three details.

1: When the price increase of a wave exceeds 30, sell one-third.

2: When the price increase of a wave exceeds 50, sell another one-third.

3: This is the most important part and the core that determines whether you can make a profit. If you buy in today and the next day an unexpected situation arises causing the price to break below the 60-day moving average, you must exit completely without any sense of luck. Although the probability of breaking below the 60-day line using this method of selecting coins based on monthly and daily lines is very low, we must still be aware of risks. In the cryptocurrency space, preserving capital is the most important thing. Even if you've already sold, you can wait for another buying opportunity to buy back.