Survival Rules in the Crypto World: 10 Trading Iron Rules to Help You Steadily Succeed

Want to survive in the crypto world for a long time? Remember these 10 hard-earned experiences:

1. Don't panic if a strong coin falls for 9 days in a row

When a leading coin experiences a continuous decline for 9 trading days, it is often a good time to scoop up bargains. At this point, market sentiment is usually at its most fearful, but opportunities are also at their greatest.

2. Be cautious after two consecutive gains

If any coin rises significantly for two consecutive days, remember to reduce your position and lock in profits. There's an old saying in the crypto world: "If you don't sell after two days of gains, the third day will be in vain."

3. Wait for a pullback after a big rise

If a coin's daily increase exceeds 7%, it is likely to pull back the next day. Don't rush to chase it; wait for a retracement before considering.

4. Enter the market after the bull market has ended

The safest approach is to wait until the previous bull market has completely ended and the market has undergone sufficient adjustments before making your moves. It's most uncomfortable to buy in halfway up the mountain.

5. Be alert after three days of sideways movement

If a coin shows very little fluctuation for three consecutive days, observe for another three days. If there's still no movement, it's advisable to switch to a more active asset.

6. Withdraw if it falls below the cost line

If the coin's price fails to recover the previous day's buying price the next day, it indicates a weakening trend, and it is crucial to cut losses decisively.

7. The strong stay strong principle

Coins that are ranked at the top often show sustainability. When you see a coin with three consecutive gains, the fifth day is usually a temporary peak.

8. The volume-price relationship is key

Pay attention to low-level breakout volumes and high-level volume stagnation; it's time to run. Trading volume doesn't lie; it is the true language of the market.

9. Go with the trend for peace of mind

Only invest in coins with an upward trend: look at the short term with a 3-day moving average, the medium term with a 30-day moving average, and the long term with an 80/120-day moving average.

10. Small funds can also have a spring

The key is to use the right methods, maintain rationality, and strictly execute your plans. Remember: never borrow money to trade cryptocurrencies, and definitely don't play this full-time!

The most ironic thing in the crypto world is: the simplest principles are the most effective, but the number of people who can actually follow them is the least. What you need to do now is to become one of those few people.

Detailed teaching @鲸海财经