Learning how to make money grow!
Mastering this simplest method of cryptocurrency trading will gradually make you rich. Firmly grasp the following 10 rules:
1. If a strong cryptocurrency falls for 9 consecutive days from a high position, be sure to follow up in a timely manner.
2. If any cryptocurrency rises for two consecutive days, make sure to reduce your position promptly.
3. If any cryptocurrency rises more than 7%, observe the opportunity for a potential peak the next day; it can continue to be watched.
4. Only enter the market after a past bull cryptocurrency has ended.
5. If any cryptocurrency has been stable for three consecutive days, observe for another three days; if there is no change, consider switching positions.
6. If any cryptocurrency fails to earn back the previous day's cost the next day, exit in a timely manner.
7. If there are three cryptocurrencies on the rise list, there will definitely be five; if there are five, there will definitely be seven. For cryptocurrencies that rise for two consecutive days, enter when the price is low; the fifth day is usually a good selling point.
8. Volume and price indicators are crucial; trading volume is considered the soul of the cryptocurrency circle. When the price is consolidating at a low level and a breakout occurs with increased volume, it needs to be paid attention to; if there is increased volume at a high level but no price increase, exit decisively.
9. Only choose cryptocurrencies that are in an upward trend for trading; this maximizes success and avoids waste. If the 3-day moving average turns upwards, it indicates a short-term rise; if the 30-day moving average turns upwards, it indicates a medium-term rise; if the 80-day moving average turns upwards, it indicates a main upward trend; if the 120-day moving average turns upwards, it indicates a long-term rise.
10. In the cryptocurrency circle, small funds do not mean no opportunities. As long as you master the right methods, maintain a rational mindset, and strictly execute strategies while waiting for opportunities to arise. Finally, I advise everyone not to trade cryptocurrencies full-time and definitely not to trade cryptocurrencies with borrowed funds, otherwise, it can be extremely painful.
