Ten years of trading cryptocurrencies, starting with 300,000, now with assets of tens of millions. I rely on a 50% position, steadily making gains, with monthly returns soaring to 70%. I passed this unique secret to my apprentice, and he doubled his investment in just three months. Since I’m in a good mood today, I’ll share these precious tips with you; remember to keep them safe: #比特币生态
1. Divide your funds into 5 parts, and only invest one-fifth at a time! Control a 10% stop loss; if you make a mistake once, you’ll only lose 2% of your total funds. After 5 mistakes, you’ll lose 10% of your total funds. If you’re correct, set a take profit of over 10%. Do you think you’ll get trapped?
2. Avoid trading cryptocurrencies that have surged rapidly in the short term, whether they are mainstream or altcoins. Very few coins can make several waves of major upward trends. The logic is that it is quite difficult for them to continue rising after a short-term surge. When prices stagnate at high levels, they will naturally decline as there is no upward drive. It’s a simple principle, yet many people still want to take a gamble.
3. You can use MACD to determine entry and exit points. If the DIF line and DEA cross above the 0 axis, and then break below the 0 axis, it is a reliable entry signal. When MACD forms a death cross above the 0 axis and starts to move downwards, it can be seen as a signal to reduce positions. #btc perpetual contract
4. I don’t know who invented the term 'averaging down,' but it has caused many retail investors to stumble and incur significant losses. Many people keep adding to their positions as they incur losses, which leads to even greater losses. This is the most taboo in cryptocurrency trading, putting oneself in a dead end. Remember, never average down during losses, but rather increase your position when you are in profit.
5. Volume and price indicators are crucial; trading volume is the soul of the crypto market. Pay attention when there is a breakout on increased volume at low price levels, and decisively exit when there is increased volume stagnating at high price levels. #Web3
6. Only trade coins in an upward trend; this maximizes your chances and doesn’t waste your time. When the 3-day moving average turns upwards, it indicates a short-term uptrend; when the 30-day moving average turns upwards, it indicates a medium-term uptrend; when the 84-day moving average turns upwards, it signals a major uptrend; and when the 120-day moving average turns upwards, it indicates a long-term uptrend.
7. Persist in reviewing each trade, check if your holdings have changed, technically assess whether the weekly K-line trends align with your judgment, and whether the direction has undergone a trend change. Timely review and adjust your trading strategy.
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