Having been involved in the cryptocurrency space for seven to eight years, I gradually accumulated an eight-figure capital, and I have summarized my hard-earned experience. 1. Divide your capital into five parts and only invest one-fifth at a time! Control a 10% stop loss; if you make a mistake once, you only lose 2% of your total capital, and if you make five mistakes, you lose 10% of your total capital. If you're correct, set a take profit of over 10%. Do you think you'll be stuck? 2. How can you further increase your win rate? Simply put, it’s about going with the trend! In a downtrend, each rebound is a trap to entice buyers, and in an uptrend, each drop creates a golden buying opportunity! Which do you think is easier to make money from: bottom fishing or buying on dips? 3. Avoid coins that have experienced rapid short-term surges, whether mainstream or altcoins; very few coins can sustain multiple waves of major upward trends. The logic is that it's difficult for a coin to continue rising after a short-term surge. When prices stagnate at high levels, they will naturally drop later; this is a simple truth, yet many still want to take a gamble. 4. You can use MACD to judge entry and exit points. If the DIF line and DEA create a golden cross below the zero line, breaking above the zero line is a stable entry signal. When MACD forms a dead cross above the zero line and moves downward, it can be seen as a signal to reduce positions. 5. I don't know who invented the term 'averaging down,' but it has caused many retail investors to stumble and suffer significant losses! Many people keep averaging down as they lose, which only increases their losses—a major taboo in trading cryptocurrencies that can lead to ruin. Remember, never average down when you're in a loss; instead, increase your position when you're in profit. 6. Volume and price indicators are crucial; trading volume is the spirit of buying in the crypto space. Pay attention to a breakout on increasing volume when prices are consolidating at low levels, and decisively exit when there’s a volume surge at high levels that leads to stagnation. 7. Only trade coins in an upward trend; this maximizes your odds and saves time. If the 3-day moving average turns upward, it indicates a short-term rise; if the 30-day moving average turns upward, it's a medium-term rise; if the 84-day moving average turns upward, it indicates a primary upward trend; if the 120-day moving average turns upward, it indicates a long-term rise! 8. Insist on reviewing each trade; check if there are changes in the coins you hold, analyze whether the weekly K-line trends align with your judgments, and see if there are any changes in trend direction. Adjust your trading strategy in a timely manner!
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