There is a very foolish method, with an almost 100% profit rate! I earned 20 million using this clever method for trading cryptocurrencies!
1. When the market crashes, if your coin only declines slightly, it indicates that there are market makers protecting the price, preventing it from falling further. Such coins can be held with confidence, and there will definitely be rewards in the future.
2. For beginners trading coins, there is a simple and direct method: for short-term trading, look at the 5-day moving average; as long as the coin price is above the 5-day line, hold it, and sell once it falls below. For medium-term trading, look at the 20-day moving average; if the coin price is above the 20-day line, hold it, and exit if it falls below. The best method is the one that suits you, and the key is to persist in execution.
3. If the main upward wave of a coin has formed and there is no significant increase in volume, then decisively buy in. Continue to hold during volume increases; if there is a decrease in volume but the trend is not broken, still hold; if there is a volume increase and the trend is broken, then quickly reduce your position.
4. After a short-term purchase, if the coin price does not move within three days, sell if possible. If the coin price declines after purchase and losses reach 5%, cut losses unconditionally.
5. If a coin has dropped 50% from its high and has fallen for 8 consecutive days, it indicates that it has entered an oversold state, and a rebound may occur at any time; you can consider following up.
6. When trading coins, choose leading coins, as they rise the most vigorously and resist declines the best. Don't buy just because the price has fallen significantly, and don’t refrain from buying just because the price has risen significantly. The most important thing when trading leading coins is to buy at high points and sell at even higher points.
7. Trade in line with the trend; the price at which you buy is not about being lower, but about being more suitable. Don’t easily call a bottom during declines, and give up on those coins that perform poorly. The trend is the most important factor.
8. Don’t get carried away by temporary profits; understand that sustaining profits is the hardest part. Review your trades carefully to see if your profits are due to luck or skill. Establish a stable trading system that suits you; this is key to sustaining profits.
9. Do not force trades without sufficient confidence. Staying in cash is also a strategy, and learning to stay in cash is very important. The first consideration in trading should be to preserve capital, not to seek profits. Trading is not about frequency, but rather about the success rate.
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