Having learned my most foolish method of trading cryptocurrencies, from now on in the crypto world, it's like having a cheat code, with green lights all the way, simply because I have firmly grasped the following 10 rules!!
1. For strong coins, if they fall from a high position for 9 consecutive days, be sure to follow up promptly.
2. For any coin that has risen for two consecutive days, be sure to reduce your position timely.
3. For any coin that has risen more than 7%, there is still a chance for further gains the next day; you can continue to observe.
4. For strong bull coins, be sure to wait until the correction is over before entering the market.
5. For any coin that has been flat for three consecutive days, observe for another three days; if there is no change, consider switching.
6. If any coin fails to recover the previous day's cost the next day, exit promptly.
7. If there are three coins on the gainers' list, there must be five, and if there are five, there must be seven. For coins that have risen for two consecutive days, buy on dips; the fifth day is usually a good selling point.
8. Volume and price indicators are crucial; trading volume is considered the soul of the crypto world. When the price breaks out with increased volume at low levels, it deserves attention; if there is increased volume at high levels with stagnation, exit decisively.
9. Only choose coins that are in an upward trend for trading, as this maximizes your chances and won't waste your time. If the 3-day moving average turns up, it indicates short-term gains; if the 30-day moving average turns up, it indicates medium-term gains; if the 80-day moving average turns up, it signifies a main upward trend; if the 120-day moving average also turns up, it indicates long-term gains.
10. In the crypto world, small capital does not mean no opportunities. As long as you master the correct methods, maintain a rational mindset, strictly execute strategies, and patiently wait for opportunities, you can also achieve a wealth turnaround in this land full of opportunities. Remember, while the crypto world is good, the risks are also significant; only by continuously learning, summarizing experiences, and constantly improving yourself can you go further!
The Daoist has traversed the market for many years, deeply understanding the opportunities and traps within. If your investments are not going well and you feel unwilling to accept losses, leave a comment with 999.
