There is a very foolish method, with an almost 100% profit rate! I made 2 million using this clever trick in cryptocurrency trading!
1. When the market crashes, if your coin only slightly drops, it indicates that there are market makers protecting the price, preventing it from falling further. Such coins can be held with peace of mind, and there will surely be rewards in the future.
2. For beginners trading coins, there is a simple and direct method: for short-term, look at the 5-day moving average; as long as the coin price is above the 5-day line, hold it, and sell once it drops below; for medium-term, look at the 20-day line; if the coin price is above the 20-day line, hold it, and exit if it breaks below. The method that suits you best is the best; the key is to stick to execution.
3. If the main upward trend of the coin has formed and there is no significant increase in volume, buy decisively. Continue to hold during volume increases, and hold even if there is a decrease in volume as long as the trend is not broken; if there is a volume decrease and it breaks the trend, quickly reduce your position.
4. After a short-term purchase, if the coin price does not move within three days, sell if you can. If the coin price drops after purchase and losses reach 5%, stop loss unconditionally.
5. If a coin drops by 50% from a high position and has dropped for 8 consecutive days, it indicates that it has entered an oversold state, and a rebound may occur at any time; you can consider following up.
6. When trading coins, choose leading coins, as they rise the most when they go up and are the most resistant when they fall. Do not buy just because the price has dropped significantly, nor avoid buying just because it has risen a lot. The most important thing in trading leading coins is to buy at high positions and sell at even higher positions.
7. Trade in accordance with the trend; the buying price is not about being as low as possible, but about being as suitable as possible. Do not easily call the bottom during declines, and give up those coins that perform poorly. The trend is the most important thing.
8. Do not let temporary profits cloud your judgment; remember that sustained profits are the hardest to achieve. Review your past trades seriously to see if your profits are due to luck or skill. Establishing a stable trading system that suits you is key to sustained profits.
9. Do not force trades without sufficient confidence. Being in cash is also a strategy; learning to be in cash is very important. The first consideration in trading should be capital preservation, not profit. What matters in trading is not frequency, but success rate.
The way of the cryptocurrency world: a single tree cannot make a boat, a lone sail cannot sail far! Blindly acting alone will never bring opportunities. Feel free to discuss at any time and let's seize great opportunities together!
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