Short-term trading in cryptocurrencies may seem profound, but it actually follows certain rules. Mastering the core principles allows for more precise operations and helps avoid getting 'cut' by the market.
Here are a few practical short-term strategies:
Five-Day Line Strategy: The cornerstone of short-term trading. If the price is above the five-day line, the short-term outlook is bullish;
If the five-day line is declining, be cautious of the downside risks. The key is to follow the trend and not go against it.
Lotus Emerging from Water Pattern: After a long period of sideways movement at the market bottom, a sudden breakthrough of the MA60 line, known as 'Lotus Emerging from Water', indicates a good opportunity for bottom-fishing rebounds. At this time, one should choose cryptocurrencies with strong technical support and good fundamentals.
15-Minute K-Line Tactics: In short-term operations, 15-minute K-lines can capture subtle fluctuations and reduce emotional disturbances.
For example, when the market is oscillating downwards, one can select strong cryptocurrencies to build positions, and participate in rebounds once the market stabilizes, accurately seizing entry and exit opportunities.
Be Cautious with Project Crowdfunding: Although cryptocurrency project crowdfunding is tempting, the market is mixed. Always do thorough research before investing and avoid blindly following projects that exaggerate returns.
Examine the project's fundamentals, team background, and market reputation. Invest rationally to avoid being misled by the illusion of 'excessive profits'.
Short-term Secrets: Quick in and out, light position trading: In short-term trading, speed is key. Set clear profit targets, such as 2-5%, and exit once achieved to lock in profits.
If the trend reverses, immediately stop losses and maintain trading flexibility. Whether in short-term or swing trading, avoid emotional trading, stay calm, strictly execute strategies, and do not chase highs or panic sell. Control position sizes and risks.
Short-term trading in cryptocurrencies is not difficult; the key lies in capturing signals from market details, progressing steadily, and gradually accumulating experience and strategies, which will enable stable profits in the market.
If you can't achieve results on your own, try to reverse-engineer the process through others' results. In simple terms, it's about learning from experience; many patterns are replicable, like shared power banks, bicycles, Didi, and various other models.
I can say I have used about 80% of the methods and techniques in the market. If you want to treat cryptocurrency trading as a second career to support your family, sometimes listening more and observing more will help you discover things outside your current understanding, at least saving you five years of detours!
Follow me at @加密大师兄888 , dedicated to helping every novice understand the cryptocurrency world.