Share several practical cryptocurrency trading strategies to assist trading decisions:
Unclear signals, hold your position: Do not act rashly without familiar trading signals; it is better to miss the market than to place blind orders.
Evening operations are more stable: The market is full of mixed messages during the day, making it hard to discern truth from falsehood, and the volatility can lead to traps for both long and short positions. It is recommended to enter the market after 9 PM, when news is more stable, K-line patterns are clearer, and direction judgments are more accurate.
Rely on indicators, reject speculation: Discard subjective feelings and refer to key indicators before trading: Observe MACD golden cross or death cross, RSI overbought or oversold conditions, and Bollinger Bands contraction or breakout; consider entering the market only when at least two indicators signal the same direction.
Strict stop-loss to protect capital: Stop-loss is the bottom line of trading; you can use fixed stop-loss (limited to 3% of capital) or dynamic stop-loss (after a floating profit of 50%, decisively exit if there is a 20% pullback).
Timely take profits: Withdraw profits regularly, for example, if you profit 5000U this week, it is advisable to withdraw 1500U immediately, while the remaining funds continue to trade, reducing risk.
K-line analysis has techniques: For short-term trading, refer to the 1-hour chart; if two consecutive bullish candles appear, consider going long; then switch to the 4-hour chart and look for entry opportunities near support levels.
