Essential #Coin #Trading Secrets for Beginners!
1. If a strong coin falls for 9 consecutive days from a high position, be sure to follow up in a timely manner.
2. If any coin rises for two consecutive days, be sure to reduce your position in a timely manner.
3. If any coin (#bitcoin , #bnb , #Picoins etc) rises more than 7%, there may still be a chance to increase the price the next day; you can continue to observe.
4. For strong bullish coins, wait until the pullback is over before entering the market.
5. If any coin has three consecutive days of flat fluctuations, observe for another three days; if there is no change, consider switching.
6. If any coin fails to recover the previous day's cost price the next day, exit in a timely manner.
7. In the rise rankings, if there are three there must be five, and if there are five there must be seven. For coins that rise for two consecutive days, enter at a low; the fifth day is usually a good selling point.
8. Volume-price indicators are crucial; trading volume is considered the soul of the coin market. When the coin price breaks out at a low level during consolidation, pay attention to situations where the price stagnates with increased volume at a high level, and make a decisive exit.
9. Only choose coins that are in an upward trend for operation, as this maximizes your chances and won't waste time. If the 3-day moving average is turning upward, it indicates a short-term rise; if the 30-day moving average is turning upward, it indicates a medium-term rise; if the 80-day moving average is turning upward, it indicates a main upward wave; if the 120-day moving average is turning upward, it indicates a long-term rise.
10. In the coin #market, small funds do not mean there are no opportunities. As long as you grasp the correct methods, maintain a rational mindset, strictly execute strategies, and patiently wait for opportunities to arise, you can also achieve financial success in this land full of opportunities.
Remember, while the market is good, the risks are also great. Only by continuously learning, summarizing experiences, and constantly improving yourself can you go further! Various methods will continue to be updated.
