Here is a method for spot currency selection trading, which can be used as a reference!
1. Add the currency that has risen within 11 days to the self-selection, but note that the currency that has fallen for more than three consecutive days should be excluded to avoid capital flight.
2. Open the K-line chart and only look at the currency with the monthly MACD golden cross.
3. Then look at the daily line and only look at the 60-day moving average. As long as the currency price is pulled back to the vicinity of the 60-day moving average and a large-volume K-line appears, enter the market with a heavy position
4. After entering the market, use the 60-day moving average as the standard, hold positions online, and exit offline.
The specific details are as follows:
When the increase exceeds 30%, sell one-third
When the increase exceeds 50%, sell another one-third
If the currency price falls below the 60-day moving average the next day after buying, you must decisively sell all.
Although the probability of the currency price falling below the 60-day line is not high using this method of selecting currencies with the combination of the monthly line and the daily line, risk awareness must always be maintained, and protecting the principal is the kingly way. If you sell, don't worry, wait until the next time you meet the buying point before entering the market.
In the end, the difficulty is not the method, but the execution.
A good trading system is the core of stable profit. It can help you mark key positions and find opportunities to make money.