Have you ever experienced this? Seeing a coin price skyrocketing, feeling an itch to buy it quickly; only to find that the price falls below an important support line the next day, filled with regret—why is it always just a bit off from catching the real profit point?

In fact, trading coins is not complicated; a 'foolproof method' might help you avoid most pitfalls and steadily gain profits. Don't be misled by the flashy plays in the market; the key is to follow the rules and not act impulsively.

First, choose coins that are 'visible', don’t follow blindly.

Put the coins that have surged in the last 11 days into the watch list, but if they drop for 3 consecutive days, remove them immediately. Such coins are mostly a result of funds being dumped and not worth touching.

The big trend is the most reliable; focus on coins with a monthly golden cross.

Open the monthly chart, only keep those coins that have a MACD golden cross. A monthly golden cross is a signal of improving trends, helping you to exclude a bunch of weak coins, saving you worry and effort.

Find the 'golden entry point', don't forget the 60-day moving average

Keep a close eye on the 60-day moving average on the daily chart—when the price approaches it, combined with a strong K-line, that is a buying signal. The 60-day line is both a beacon for entering and a warning line for exiting. If it breaks, even the next day, leave immediately without hesitation.

Selling should also have principles.

If the market rises by 30%, sell one-third first, and when it reaches 50%, sell half. Stick to your stop-loss discipline, and clear out completely when warned by the 60-day line. Even if you miss the rise, calmly wait for the next opportunity.

Three major taboos in trading coins, have you fallen into any?

  • Avoid chasing the price: be fearful when others are greedy, be greedy when others are fearful; getting used to buying during downturns leads to sustainable profits.

  • Avoid putting all bets on one investment: don't bet everything at once, breaking it down is more stable.

  • Avoid going all in: being fully invested can make you miss more opportunities; flexible allocation of funds is necessary for sustained fighting.

Six mantras for short-term trading

  • High-level consolidation often indicates a new high, while low-level consolidation may indicate a new low; don’t rush when the direction is unclear.

  • Don't trade easily during sideways movement; maintaining a stable mindset is the most important.

  • Buy on bearish candles, sell on bullish candles, and follow the trend.

  • Slower declines and rebounds indicate a slower pace; rapid declines and rebounds indicate a fast pace; pay attention to the rhythm.

  • Use the pyramid building method to gradually increase your stake, which is the safest.

  • After rising or falling, if the market consolidates, don't blindly go all in; wait for a true signal of change.

One last phrase for you:

The secret in the crypto world is not complex techniques, but 'discipline' and 'mindset'. Keep the 60-day line in mind; if it breaks, exit. Staying alive is the prerequisite for earning more.

If you want to earn steadily, why not try this practical 'foolproof method'? After all, trading coins is not a marathon; it’s not about who runs the fastest, but who can persist to the end.

The above content is for informational sharing only and does not constitute any investment advice!

Follow me for more market information shared daily.