Different market conditions require different strategies to operate!
One. Volatile market:
1. Only engage in high sell low buy for BTC/ETH+, and do not trade any altcoins!
2. High short:
2.1. Entry point: Mainly use the important resistance group of moving averages above the 4H level + to determine the entry point for short positions in batches. For example, if the MA60 moving average above the 4H level continues to suppress the price, then use this average as the timing for entering short positions.
2.2. Stop loss: Set it above the previous high after a spike upwards and subsequent pullback, for example, if the resistance level is 2440 and the spike reaches 2450, then place the stop loss above 2450.
3. Low long:
3.1. Entry point: Generally use the support below the same level or one level higher as the entry point for long positions in batches.
3.2. Stop loss: Set it below the previous low after a spike downwards and subsequent recovery, for example, if the support level is at 2320 and the spike reaches 2310, then set the stop loss below 2310, near 2300.
4. Drawdown control:
4.1. Stop loss principal: 20% of total capital; if reached, no more trades for the day.
4.2. Daily operations usually involve two trades, with a single stop loss controlled at 10%.
4.3. The position size for each trade should remain consistent!
5. Entry methods:.
5.1. Try to enter in batches, don't load all bullets at once!
5.2. Try to follow the trend when opening positions; if the main theme is bearish, try to open short positions, and vice versa! Two. Main upward wave market:
Use intraday trading strategy +
1. When the overall market trend is good, chase hot coins (top 3 on the leaderboard, or coins with high popularity).
2. Control the risk-reward ratio, keeping it around 3:1.
3. Daily stop loss drawdown is 10%-15% of the principal; if reached, no more trades for the day.
4. Daily review three. Market crash: Wait in cash to enter in batches after seeing spikes, if there’s no opportunity, just stay flat; in such markets, not losing money is equivalent to making money!
Three. Take profit choices.
1. Trailing stop-loss: When the day's trades have not hit a stop loss and the same level K-line pattern has not been broken, you can avoid using a trailing stop-loss. If either condition fails, then use a trailing stop. ETH: Use trailing stop after a 20-point floating profit; BTC: Use trailing stop after a 350-point floating profit.
2. Trailing stop: ETH: Move the stop after a floating profit of 35 points, using 3/5 minute intervals for trailing. BTC: Move the stop after a floating profit of 500 points, using 3/5 minute intervals for trailing.
Four. Notes:
1. Never think about risking everything for a quick fortune; stable compound interest is the goal; having a killing mindset equals liquidation.
2. Only trade in your own market! Learn to stay flat, don't force trades!
3. Try not to make night trades, even if you do, try to hedge!
4. Try not to open positions on weekends, even if opened, only allow one stop loss at most!
5. After being stopped out, manage your mindset, don't get overly emotional, don't get overly emotional, don't get overly emotional!
Pierce through the fog of information to discover the real market. Grab more opportunities for wealth passwords, find truly valuable opportunities, and don't miss out on regrets! The crypto road is long, if you are also traveling this path and need to leverage strength to learn methods and techniques, comment 1 for free guidance!