Learn this simplest method for trading cryptocurrencies, and you will gradually become wealthy. Firmly grasp the following 10 rules:
1. If a strong cryptocurrency falls continuously for 9 days from a high position, make sure to follow up in a timely manner.
2. If any cryptocurrency rises for two consecutive days, be sure to reduce your holdings in a timely manner.
3. If any cryptocurrency rises more than 7%, consider waiting for the next day for further opportunities after the initial surge.
4. Always wait until a major bull cryptocurrency has ended before entering the market.
5. If any cryptocurrency has three consecutive days of calm fluctuations, observe for another three days; if there is no change, consider switching holdings.
6. If any cryptocurrency fails to recover the previous day's cost price the next day, exit in a timely manner.
7. If there are three on the rise list, there must be five; if there are five, there must be seven. Cryptocurrencies that rise for two consecutive days should be bought on dips, and 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 market. When the price breaks out on increased volume at a low level, pay attention; when there is increased volume at a high level but stagnation, decisively exit.
9. Only choose cryptocurrencies that are in an upward trend for trading; this maximizes wins and avoids waste. A 3-day moving average turning upwards indicates a short-term rise; a 30-day moving average turning upwards indicates a medium-term rise; an 80-day moving average turning upwards indicates a main upward trend; a 120-day moving average turning upwards indicates a long-term rise.
10. In the cryptocurrency market, small funds do not mean there are no opportunities. As long as you master the correct methods, maintain a rational mindset, and strictly execute strategies while waiting for opportunities to arise.
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