Even if you are a beginner in the cryptocurrency world, as long as you strictly follow this method, you can easily make money!
First, we need to set the moving averages on the K-line chart to three lines: the 5-day moving average, the 15-day moving average, and the 30-day moving average. The 30-day moving average is the lifeline, a strong support or resistance line. Then you can buy and sell cryptocurrencies based on these three moving averages.
1. The selected cryptocurrency must be in an upward trend. Of course, it can also be in a consolidation phase, but it should not be in a downward trend or have moving averages that are all sloping down.
2. Divide the capital into three equal parts. When the cryptocurrency price breaks above the 5-day moving average, buy 30% with a light position. When the price breaks above the 15-day moving average, buy another 30%. Similarly, when it breaks above the 30-day moving average, buy the final 30%. This requirement must be strictly followed.
3. If the price does not break above the 15-day moving average after breaking above the 5-day moving average and instead pulls back, as long as it does not break below the 5-day moving average, maintain the original position. If it breaks below, sell.
4. Similarly, if the price breaks above the 15-day moving average but does not continue to break higher, hold as long as it does not break below the 15-day moving average. If it breaks below, sell 30% first. If it does not break below the 5-day moving average, maintain the 30% position on the 5-day moving average.
5. When the price continues to break above the 30-day moving average and then pulls back, sell according to the previous method all at once.
6. Selling is the opposite. When the price is at a high, if it breaks below the 5-day moving average, sell 30% first. If it does not continue to fall, hold the remaining 60% position. If all three moving averages (5-day, 15-day, 30-day) break below, sell everything without taking chances.
This 'foolproof' operation method is simple, but the most important thing is to have execution power. Once you buy in, the trading system is formed, and only by strictly following the trading discipline can you earn profits.
Still, the saying goes, bulls have their strategies, bears have their methods.
Do not lead fans to liquidation, nor blindly open positions.
All seek stability for victory, and must be steady and solid; those who want to eat meat should keep up!
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