Ten trading rules to help you progress steadily in the cryptocurrency market:
1. If a strong cryptocurrency has been falling for nine consecutive days from a high position, it may be a good time to buy.
2. If a cryptocurrency has been rising for two consecutive days, it's a good idea to reduce your holdings appropriately.
3. If the price of a cryptocurrency rises more than 7%, there is generally a possibility of further increases the next day; you can hold it for a while to see the situation.
4. Some cryptocurrencies have consistently performed strongly, and in the long run, their prices will rise; it’s wiser to invest after the price correction ends.
5. If a cryptocurrency has not shown much price fluctuation for three consecutive days, wait another three days. If there is still no change after three days, consider looking for other investment opportunities.
6. If you haven't recouped your investment from the previous day by the next day, it's safer to withdraw quickly.
7. On the ranking list of price increases, if a cryptocurrency has been rising for two consecutive days, there may still be room for growth; especially around the fifth day, it is generally a good time to sell.
8. Trading volume can indicate market sentiment. If trading volume increases significantly when prices are relatively low, the price may break upward; conversely, if trading volume increases when prices are high but the price does not rise, it's time to sell and exit.
9. Pay more attention to those cryptocurrencies with rising prices, as the chance of success is higher. You can use technical analysis methods, such as a 3-day moving average indicating a short-term upward trend, a 30-day moving average showing mid-term growth, and 80-day and 120-day moving averages indicating main upward waves and long-term growth trends, respectively.
10. Even if you don’t have much money, it doesn’t mean you can’t succeed in the cryptocurrency market. The key is to use the right methods, stay calm and rational, strictly follow the established strategy, and patiently wait for the best opportunity to arise.
Once again, a reminder that cryptocurrency trading is not legally protected in China and carries significant risks; be sure to invest and trade cautiously.
ETH/RARE/TRUMP
