I have been trading cryptocurrencies for 10 years, earning 1.1 small goals. To change my destiny, I must try the cryptocurrency circle. If you can't make money in this circle, ordinary people will never have a chance in this lifetime.
Methods to trade cryptocurrencies: 📚📚📚
1. Buy mainstream valuable coins with a large position, spot trading (do not do contracts), regardless of their fluctuations, just hold them for the medium to long term, based on the entry price, and apply the rolling position strategy (either increase or decrease the position).
When the market crashes, don’t panic if the four-hour chart does not break the twenty-day moving average; there are several reasons:
a. Contract explosions: If you don’t have the skills, don’t play with contracts easily; the data is completely different from spot trading. Preserve your principal to continue enjoying the bull market's benefits!
b. Pullback demand: After a surge in mainstream valuable coins, there is usually a pullback to the five-day moving average after a gap up; it often needs to pull back to the five-day or even ten-day moving average before it can build energy for another rise!
c. Cutting leeks: Retail investors love to chase gains and panic sell. After retail investors chase high, the big players will quickly drop the price to scare retail investors into cutting losses and handing over their chips.
2. For profitable positions, reduce your holdings in advance or sell in batches at high positions to lock in profits;
3. In advance, set up orders at the daily level's five-day, ten-day, and thirty-day moving averages to accumulate chips at low positions.
4. Use the lifeline trading strategy to judge the trend of rises and falls. If the trend changes and effectively breaks down, reduce your holdings in a timely manner when it pulls back to the lifeline.
5. During a surge, be aware of risks and do not blindly chase highs. During a crash, be aware of opportunities and accumulate chips in batches at low positions.
6. For profitable chips, reduce positions appropriately to avoid rollercoaster trading. For bottom-fishing positions, it is advisable to set stop-loss orders to preserve your principal. $BTC $ETH $XRP
7. If the direction is unclear, it is better to miss out than to make mistakes. Preserve your principal to be able to smile for longer.
8. New group members must not rush to make money and should not be greedy. First, study and follow seriously, practice skills with small funds, familiarize yourself with the rise and fall patterns of cryptocurrency trading, and find a rhythm to reduce trading costs during learning and practice! #美国加征关税 #非农就业数据来袭 #BTC重返11万 #币安Alpha上新 #币安钱包TGE
