In the 7 years of struggling in the cryptocurrency world, I turned an initial capital of 100,000 into several million! Here are some key experiences I have summarized, hoping my brothers can achieve financial freedom sooner!
1. For strong coins, if they drop continuously for 9 days from a high position, be sure to follow up in a timely manner.
2. For any coin, if it rises continuously for two days, be sure to reduce your position in a timely manner.
3. For any coin, if it rises more than 7%, there is still a chance of further increase the next day; you can continue to observe.
4. For strong bull coins, be sure to wait until the pullback is over before entering the market.
5. For any coin, if it fluctuates lightly for three consecutive days, observe for another three days; if there is no change, consider switching.
6. For any coin, if it fails to regain the previous day's cost price the next day, you should exit in a timely manner.
7. If there are three on the rise list, there must be five; if there are five, there must be seven. For coins that have risen for two consecutive days, enter at a low point; the fifth day is usually a good selling point.
8. Volume-price indicators are crucial; trading volume is considered the soul of the cryptocurrency world. When the price breaks out with increased volume at a low level, it needs to be noted; if there is a situation of increased volume with stagnation at a high level, exit decisively.
9. Only choose to operate on coins that are in an upward trend; this way, the chances of winning are maximized, and it won't waste time. If the 3-day moving average turns upward, it indicates short-term rise; if the 30-day moving average turns upward, it indicates medium-term rise; if the 80-day moving average turns upward, it indicates the main upward trend; if the 120-day moving average also turns upward, it indicates long-term rise.
10. In the cryptocurrency world, small funds do not mean no opportunities. As long as you master the right methods, maintain a rational mindset, strictly execute strategies, and patiently wait for opportunities to come, you can also achieve a financial turnaround in this land full of opportunities. Remember, while the cryptocurrency world is good, the risks are also great. Only by continuously learning, summarizing experiences, and improving oneself can one go further!
If you like contracts, enjoy studying charts, and researching techniques, click on the avatar. I have years of experience and skills in the cryptocurrency world to share for free. I am waiting for you in the circle, always online, welcome to discuss and progress together.