I have been trading cryptocurrencies for 8 years and made 60 million. If you want to change your destiny, you must try the cryptocurrency market. If you can't make money in this space, ordinary people will never have a chance in their lifetime.
Methods for trading cryptocurrencies:
1. Buy mainstream value coins with large positions, spot (do not trade contracts), regardless of whether they rise or fall, just hold them for the medium to long term. Enter based on the entry price, plus the rolling warehouse strategy (adding or reducing positions).
When encountering a significant market drop, don’t panic as long as it doesn’t break the 20-day line on the four-hour chart for several reasons:
a. Contract explosion: If you don't have the skills, don't play with contracts easily; the data is completely different from spot. Preserving your principal is essential to continue enjoying the bull market's dividends!
b. Demand for pullbacks: After a surge in mainstream value coins, if it opens high with a gap above the five-day line, it generally needs to pull back to the five-day line or even the ten-day line before it can build up energy to continue rising!
c. Cutting leeks: Retail investors like to chase highs and sell lows. After retail investors chase high, the market makers will quickly drive it down to scare retail investors into cutting their losses and giving up their chips.
2. For profitable swing trades, reduce positions in advance or sell in batches at high points to lock in profits;
3. Pre-set orders at the 5-day, 10-day, and 30-day lines on the daily chart in batches to buy low.
4. Use the lifeline strategy to determine the trend of rises and falls. If the trend changes and effectively breaks down, reduce positions in time on the pullback to the lifeline.
5. During a sharp rise, be aware of risks and do not blindly chase high. During a sharp fall, be aware of opportunities and buy low in batches.
6. For profitable chips, reduce positions appropriately to avoid rollercoaster trading. For bottom-buying orders, it is recommended to set stop-loss orders to protect your principal. $BTC $ETH $XRP
7. If the direction is unclear, it’s better to miss out than to make a mistake. Protect your principal, and you will be able to smile longer.
8. New group members should not rush to make money, nor should they be greedy. First, study and follow others seriously, practice skills with small amounts, familiarize yourself with the rise and fall laws of digital currency trading, and find your market sense to reduce trading costs while learning and practicing! #BinanceAlphaNew #CryptoMarketRebound
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