10 Simple Rules for Cryptocurrency Trading to Get Rich Slowly
Consider this your guide to smart trading. By following these simple rules with discipline, your wealth will grow over time.
📜The ten golden rules:
1. If the value of a strong cryptocurrency decreases for 9 consecutive days (at high levels), this is a signal for you to enter.
2. If the currency's value rises for two consecutive days, reduce your position. (This is likely due to a pullback.)
3. If any coin jumps more than 7% in a day, get some profit.
4. If it drops more than 7%, either cut losses or prepare to re-enter at a lower level.
5. Don't risk everything. Divide your capital - small contributions add up over time.
6. After three days of decline, expect a rebound. Look for buy signals.
7. Don't chase green candles. Wait for a decline or a retest.
8. Always use stop-loss orders. Protect your money.
9. Don't resist the trend, trade with it.
10. Patience is better than panic. Wait for high-probability opportunities.
Finally, I advise everyone not to trade cryptocurrencies on a permanent basis, and especially not to trade cryptocurrencies with borrowed money.
Good luck 🤞🏻
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