In my journey through various trading techniques, I’ve encountered countless methods that failed to deliver consistent results. However, there is one strategy I’ve been using successfully for a long time, which has proven to be stable, practical, and capable of generating reliable profits. It’s a method I continue to use today, and I firmly believe that anyone, even without prior expertise, can master it. If I can do it, so can you!
The core of this strategy is based on a careful selection of coins, monitoring key technical indicators, and knowing when to buy and sell. By following these steps, you can increase your daily profits by a margin of 3 to 10 percentage points—building wealth over time.
Step-by-Step Process for Success
1. Watchlist Creation: Begin by adding coins that have shown consistent upward movement over the past 11 days to your watchlist. It’s crucial to avoid coins that have been on a downward trend for three or more consecutive days, as these may indicate that investors are withdrawing their profits.
2. Technical Setup: Review the monthly candlestick chart and focus on coins with a MACD golden cross. This technical signal suggests a shift in market momentum and is key for identifying potentially profitable trades.
3. Daily Chart Review: Switch to the daily candlestick chart and focus on the 60-day moving average. Look for coins whose prices are near this average, and if you spot a volume candlestick appearing at this level, it signals a good opportunity to enter the market.
4. Market Entry and Exit: After entering the trade, use the 60-day moving average as your key guide. If the price remains above it, continue holding; if it falls below, exit the position. When the price increase surpasses 30%, consider selling one-third of your holdings, and another third when the increase exceeds 50%. If, however, the price drops below the 60-day moving average the next day, exit completely and don’t wait for a rebound.
Key Considerations and Risk Management
Though this strategy has proven to be effective, it's important to be aware of potential risks. The 60-day moving average is a strong indicator, but market fluctuations can still occur. Risk management is key, and protecting your capital should always be your top priority. If you’ve sold a position, be patient and wait for favorable conditions to buy back in when the market aligns with your criteria.
In the cryptocurrency market, success isn't just about having a solid strategy—it’s about executing it consistently and without hesitation. The market constantly tests your emotional discipline and decision-making skills, so adaptability and caution are essential.
Conclusion
To succeed in cryptocurrency trading, you must approach the market with a clear strategy, a focus on risk management, and the discipline to follow through. With this method, you can stay on the right track while making smarter, more calculated decisions. Avoid being rigid; flexibility and awareness of market conditions will be the
keys to achieving long-term profitability in this volatile space.
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