To profit in the cryptocurrency market can actually be summarized in three core steps. Once mastered, these steps can lead to significant account growth.
Step One: Observe the Trend. This is the foundation of profit and the key to determining the direction of investment. To accurately assess market trends, one can focus on long-term charts such as monthly and weekly charts, observing the overall price direction. When the market shows a clear upward or downward trend, it serves as an important reference for considering entry or exit points.
Step Two: Identify Key Levels. Observe historical price highs and lows, as these levels often become future support or resistance. Utilize technical indicators, such as Fibonacci retracement and moving averages, to assist in identifying key levels. Once the price approaches these key levels, it may be the time to enter or exit the market.
Step Three: Look for Entry Signals. This requires combining short-term charts, such as daily and hourly charts, with real-time market dynamics for judgment. Common entry signals include: price breaking through key levels, technical indicators issuing buy or sell signals, and significant changes in market sentiment. When these signals appear, it is the moment to execute the trading plan.
By following this three-step strategy—observe the trend, identify key levels, and look for entry signals—decisively enter the market, profit, close positions, and exit. #币圈 #建议 #比特币