Having mastered this simplest method of trading cryptocurrencies, I can now navigate the crypto world as if I have a cheat code, with smooth sailing, all because I firmly grasp the following 10 rules.
1. If a strong currency falls at a high position for nine consecutive days, be sure to follow up promptly.
2. Any currency that has risen for two consecutive days must have its position reduced promptly.
3. Any currency that has risen more than 7% has a chance to continue rising the next day; one can continue to observe.
4. For strong bull currencies, be sure to wait until the correction ends before entering.
5. If any currency has shown little fluctuation for three consecutive days, observe for another three days; if there is no change, consider switching.
6. If any currency fails to recover the previous day's cost price the next day, it should be exited promptly.
7. On the ranking of increases, if there are three, there must be five; if there are five, there must be seven. For currencies that have risen for two consecutive days, one should consider entering at a low point; the fifth day is usually a good selling point.
8. Volume and price indicators are crucial; trading volume can be said to be the soul of the crypto world. When the price of a currency breaks out with increased volume at a low consolidation level, it needs attention; if there is increased volume but stagnation at a high level, one should decisively exit.
9. Only choose currencies that are in an upward trend to operate; this maximizes the chances of success and does not waste time. If the 3-day moving average turns upward, it indicates a short-term increase; if the 30-day moving average turns upward, it signifies a medium-term increase; if the 80-day moving average turns upward, it indicates a main upward trend; if the 120-day moving average also turns upward, it signifies a long-term increase.
10. In the crypto space, small funds do not mean no opportunities. As long as you master the correct methods, maintain a rational mindset, strictly execute strategies, and patiently wait for opportunities to arise.
