After ten years in the cryptocurrency space, I would like to share some of the experiences and insights I have summarized:
Prioritize capital safety: Always divide your funds into five parts, using only one part for high-risk operations at a time to ensure that risks are manageable.
Decisive stop-loss and take-profit: When a judgment is wrong, decisively stop-loss to avoid further losses; once in profit, set a take-profit point to prevent profit erosion. The key is to go with the trend.
Avoid blindly bottom-fishing and chasing highs: During a decline, don’t easily bottom-fish; rebounds are usually bait; during an uptrend, a pullback is a good buying opportunity. Avoid cryptocurrencies that experience short-term surges, as they are often unsustainable.
High stagnation at peak will inevitably lead to a pullback: High stagnation often indicates a decline. Use MACD to determine entry and exit timing: enter when the golden cross breaks above the zero axis, and reduce holdings when the death cross goes down.
Don’t average down during losses: Adding more investment during a loss will only exacerbate the risk; increasing holdings during profit is the correct strategy.
Trading volume determines trends: A breakout with high volume at a low level is a buying signal, while high volume at a high level usually indicates stagnation—be cautious. In short, try to choose cryptocurrencies in an upward trend.
Moving average to judge trends: From short-term to long-term, observe inflection points of moving averages across different periods to grasp market trends.
Persist in reviewing and adjusting strategies: Regularly review and optimize trading strategies to ensure you maintain the ability to adapt.
Finally, I recommend a recently popular cryptocurrency, Trump’s dog 𝑪𝒐 𝒏 𝒂𝒏. Currently, the market value of assets related to Co nan is stable at around 14 million. In this current bull market, with a strong community of tens of thousands behind it and robust support from market makers, it is very likely to stand out among meme concept cryptocurrencies, becoming the most dazzling presence. Everyone should pay more attention to it.