After many years of struggling in the cryptocurrency space, I have developed an effective trading method, and many fans have made substantial profits from it.
One fan invested 200,000 at the end of last year and has now grown it to 2 million, a 10-fold profit. In fact, mastering these three steps can also help you multiply your account by 10.
Step 1: Accurately determine the trend. Major market movements fall into three categories: upward, sideways, and downward. I prefer to look at 4-hour charts for analysis. Go long when the trend is upward, go short when it's downward, and avoid trading during sideways movements to prevent capital loss.
Step 2: Cleverly identify key levels. The market behaves like a bouncing ball, jumping from one level to another. We should enter the market at the jump-off point and exit at the landing point. Key levels (main support and resistance levels) serve as the market's 'signposts'; for example, entering a long position when an upward trend retraces to a support level and a short position when a downward trend rebounds to a resistance level.
Step 3: Keenly capture entry signals. After identifying the trend on a larger time frame, look for trading signals on a smaller time frame to enter the market. Mastering one or two trading strategies is sufficient.
A complete trading strategy includes eight aspects:
Asset: Clarify which cryptocurrency you want to trade.
Position: Reasonably control the number of holdings to avoid excessive concentration of risk.
Direction: Determine whether to go long or short.
Entry point: Precisely grasp the exact point for trading.
Stop loss: Set a clear exit strategy for losing trades to keep losses within an acceptable range.
Take profit: Clearly define when to exit profitable trades and secure your gains.
Countermeasures: Think ahead about how to deal with unexpected situations, so you are prepared.
Follow-up: Plan the actions after the trade ends to prepare for subsequent investments.
Entering the market, making profits, closing positions, and leaving may seem simple, but each step requires careful analysis. The cryptocurrency market is volatile; mastering the correct methods allows for steady progress. Friends, you might want to give it a try; perhaps the next account to multiply by 10 will be yours. However, investing carries risks, so proceed with caution!
Daily trading continues to yield profits. If you are confused about current trading strategies and want to recover losses, comment '333' and get in the car 🚗
