Even if you are a novice in the cryptocurrency world, as long as you strictly follow this method, you can easily make money!
First, we need to set up three moving averages on the K-line chart, which are the 5-day moving average, 15-day moving average, and 30-day moving average. The 30-day moving average is the lifeline and serves as a strong support or resistance. Then you can buy and sell cryptocurrencies based on these three moving averages.
1. The selected cryptocurrency must be in an upward trend; of course, those in a consolidation phase are acceptable, but those in a downward trend or with all moving averages opening downwards should definitely not be chosen.
2. Divide the funds into three equal parts. When the cryptocurrency price breaks through the 5-day moving average, buy 30% of your position with light trading. When the price breaks through the 15-day moving average, buy another 30%, and similarly, when it breaks through the 30-day moving average, buy the final 30%. This requirement must be strictly followed.
3. If the cryptocurrency price does not continue to break through the 15-day moving average after breaking the 5-day moving average, but instead shows a pullback, as long as the pullback does not break below the 5-day line, maintain the original position. If it breaks below, sell.
4. Similarly, if the price breaks through the 15-day moving average but does not continue to push upwards, hold on if it pulls back without breaking the 15-day moving average. If it breaks below, first sell 30%, and if it does not break the 5-day moving average, continue to hold the remaining 30% position on the 5-day moving average.
5. When the price continues to break through the 30-day moving average and then pulls back, sell all at once according to the previous method.
6. Selling is the opposite of buying. When the cryptocurrency price is at a high level and breaks below the 5-day moving average, first sell 30%. If it does not continue downward, hold the remaining 60% position. If all the 5-day, 15-day, and 30-day moving averages are broken, sell everything; do not hold any illusions.
This "foolproof" operation method is simple, but the most important thing is to have execution power. Once you buy in, the trading system is formed, and only by strictly following the trading discipline can you earn profits.
Still, the saying goes, bulls have their strategies, and bears have their ways of playing.
Do not lead fans to liquidation, and do not blindly open positions.
All seek stability and victory, and those who want to profit should keep up!