Want to survive in the crypto world? Don't pretend to understand; the simple methods work best!
To be honest, when I first entered the market, I was just like you: chasing highs and cutting losses, staying up all night watching the charts, not making any profits, and losing a bunch of hair!
I couldn't sleep at night, feeling desperate!
It wasn't until the market educated me to question life that I realized:
If you don't understand the market, just don't touch it! Don't be greedy, don't gamble, don't chase trends; only act on signals that I completely understand.
As a result, not only did I save myself, but I also started to make stable profits!
"Crypto Survival Tips"—I'll tell you now: Don't trade during the day; operate at 9 PM instead!
During the day, the news is chaotic and the volatility is high; if you jump in, you're likely to get liquidated. I wait until the evening when the news calms down and then check the charts; the direction is clear, and I just go for it!
Trust the indicators, not your feelings!
Before placing an order, be sure to check these three:
MACD (Golden cross or death cross?)
RSI (Overbought or oversold?)
Bollinger Bands (Breakout or squeeze?)
At least two of the three must agree before taking action; I'd rather miss out than make a mistake!
Set stop-loss and take-profit rules; having rules is how you survive long-term! If a single loss exceeds 3% of my capital, I cut it immediately!
If I'm up 50%, I also walk away if it retraces 20%; better to secure profits!
Withdrawing weekly is the way to go! Made 5K U? Withdraw 1500 U to your bank account immediately! Only play with what you leave in the market; lock in profits first, then keep earning and locking.
Remember: Only the money you withdraw truly belongs to you!
For short-term trading, look at the 1-hour chart; consider going long only with consecutive bullish candles. If it's sideways? Switch to the 4-hour chart to find support, then decide whether to buy the dip.
Want to flip your account, recover losses, and stabilize your trades? Just like and follow Wenge!
Stop bumping around; it's time to catch the right rhythm!
