Cryptocurrency Newcomer's Survival Guide: The Winning Strategy of Steady Progress

When I first entered the cryptocurrency world, I used to chase surges and panic sell, constantly staring at the charts but suffering continuous losses. Later, I achieved stable profits by relying on the 'foolish method' of 'not making a move unless familiar signals appear; it's better to miss out than to place blind orders.' My annual return rate exceeded 70%. Here are life-saving recommendations based on my real trading loss summary: 1. Trade at the right time, avoiding chaotic news periods during the day, and operate after 9 PM when the candlestick patterns are clear and the direction is evident; 2. Rely on indicators such as MACD, RSI, and Bollinger Bands, and only enter after at least two indicators give a consistent signal; 3. Strictly enforce stop-losses, with a fixed stop-loss set at 3% of the principal and a dynamic stop-loss that triggers a 20% profit-taking after a 50% unrealized gain; 4. Withdraw funds regularly each week, for example, if you profit 5000U, withdraw 1500U and roll the rest back into trading; 5. Candlestick analysis techniques: for short-term trading, look at the 1-hour chart; if there are two consecutive bullish candles, consider going long, and when the market is sideways, switch to the 4-hour chart to find support levels for entry. $BTC #