If you plan to invest in the cryptocurrency circle, please spend a few minutes to read my answer word for word, as it may save your life and a family.

Thousands of originally happy families end up destroyed, stemming from the pursuit of the unattainable dream of becoming wealthy in the cryptocurrency circle.

I think if I really want to continue on the path of trading, I still need to study diligently. In addition to understanding basic knowledge, analyzing news and researching technical indicators should also be part of it.

If you don’t conduct thorough research and reasonably plan how to manage your money, your funds will only be exhausted over time. In the end, as a retail investor without a solid foundation, you will only joyfully enter and sadly exit.

There is a reason why some well-known technical indicators have been passed down over time. For example, the divergence signals of MACD, the overbought and oversold signals of KDJ, and support and resistance signals, etc. Although they cannot guarantee profits, they can allow you to perform quantitative analysis based on a relatively mature model, giving investors a basic direction.

In the cryptocurrency circle, making 100,000 from a few thousand dollars can only be achieved through rolling positions.

Once you have 1,000,000 capital, you will find that life seems different. Even if you don’t use leverage, a 20% increase in spot will yield 200,000, which is already the income ceiling for most people in a year.

Don’t always think in terms of millions or billions; you need to start from your actual situation. Bragging only makes you feel good. Trading requires the ability to identify the size of opportunities; you can’t always trade lightly or heavily. Usually, play with small positions, and when big opportunities come, pull out the big guns.

For example, rolling positions, this can only be done when there is a big opportunity; you can’t keep rolling. Missing out is okay because in your lifetime you only need to roll successfully three or four times!

First, we need to understand under what circumstances rolling positions are suitable:

Currently, only the following three situations are suitable for rolling positions:

1 - Long-term sideways volatility after a 'new low' direction choice

2 - Buying the dip after a large drop in a bull market after a big surge

3 - Breakthrough of significant resistance/support level on weekly chart

In general, only in the above three situations is the probability of success relatively high; all other opportunities should be abandoned.

The following are methods for rolling positions:

Adding to profitable positions: After gaining unrealized profits, you can consider adding to your position. However, before doing so, ensure that the cost of holding has been reduced to minimize the risk of loss. This does not mean blindly adding to your position after making a profit, but rather doing it at the right time.

Base position + T-trading rolling operation: Divide the funds into multiple parts, keeping a portion of the base position unchanged while using another portion for high selling and low buying operations. The specific ratio can be chosen based on personal risk preference and capital scale. For example, you can choose to roll T with half of the capital, or with 30% of the base position, or with 70% of the base position, etc. This operation can reduce the holding cost and increase returns.

The secret skills have been given to everyone; whether you can become famous in the market depends on yourself.

Playing in the cryptocurrency circle is essentially a contest between retail investors and market makers. If you don’t have cutting-edge news or first-hand information, you can only be cut! If you want to plan together and harvest the market makers, you can join!#币安Alpha上新 $BTC