Cryptocurrency market 90% of retail investors are forced to liquidate! I relied on 7 counterintuitive tricks to hold on for 7 years and made a fortune in cash!
I entered the market at 22 years old and achieved an eight-digit fund breakthrough in 24-25 years with a practical method. Here are the core insights.
1. Go with the trend
Rebounds in a downtrend are often traps to entice buyers, while pullbacks in an uptrend are often golden opportunities. Compared to bottom-fishing in a downtrend, buying on the way up is more stable and has a higher win rate.
2. Avoid short-term skyrocketing cryptocurrencies
Cryptocurrencies that surge rapidly in a short period, whether mainstream or altcoins, are difficult to sustain; like fireworks, they easily turn to ashes after blooming. When prices stagnate at high levels, the main force is likely to sell off, so don't hold a gambler's mentality to take over.
3. Use MACD to determine entry and exit points
MACD is a reliable traffic signal: a golden cross below the 0 axis breaking through the 0 axis is a robust entry signal; a death cross above the 0 axis trending down is a warning to reduce positions for risk avoidance.
4. Reject averaging down on losses, insist on adding to profitable positions
Averaging down on losses will lead to deeper pitfalls, while adding to positions when profitable is a reasonable operation. Remember the life-saving rule: be bold in adding when making money, and decisively stop when losing.
5. Pay attention to volume and price signals
Trading volume is the soul of the cryptocurrency market: a breakout on increasing volume during low-level consolidation is a signal for an upward trend that needs to be closely monitored; high-level volume stagnation means that the main force is offloading, so exit decisively.
6. Only trade cryptocurrencies in an upward trend
A 3-day line trending up indicates a short-term sprint, a 30-day line trending up indicates medium-term stability, an 84-day line trending up signifies a golden period for major rises, and a 120-day line trending up is suitable for long-term layouts. Following moving averages to move with the trend is more reliable.
7. Insist on weekly reviews
Regularly check the logic of your positions, weekly candlestick trends, and trend directions, and adjust trading strategies in a timely manner; it’s like updating navigation routes to adapt to changes in the cryptocurrency market.
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