I have been trading cryptocurrencies for 5 years, making 60 million, and I want to change my fate. You must try to enter the crypto space. If you can't get rich in this circle, ordinary people will never have a chance in this lifetime. Playing with cryptocurrencies methods:
1. Buy mainstream value coins with large positions, spot (do not trade contracts), regardless of whether it rises or falls, hold it for the medium to long term, enter based on the entry price, and use the rolling position strategy (adding or reducing positions).
When encountering a market crash, do not panic if the four-hour chart does not break the 20-day line for four hours. There are several reasons:
a. Contract explosion: Don't play with contracts easily without proper knowledge, as the data is completely different from spot trading. Preserve your principal to continue enjoying the bull market's dividends!
b. Demand for pullbacks: After a sharp rise in mainstream value coins, if there is a gap up and opens high above the five-day line, it generally needs to pull back to the five-day line, or even the ten-day line, to accumulate energy for further rises!
c. Cutting leeks: Retail investors, especially novices, like to chase highs and sell lows. After retail investors chase high, the market makers will quickly pull back, scaring retail investors into cutting losses and handing over their chips.
2. For profitable positions, reduce positions in advance, or sell in batches at high points to lock in profits;
3. Pre-setup orders in batches at the daily level's 5-day line, 10-day line, 30-day line to buy at low points.
4. Determine the trend of rises and falls based on the lifeline strategy. If the trend changes and effectively breaks down, reduce positions in time when it pulls back to the lifeline.
5. During a sharp rise, be aware of risks, do not blindly chase highs, and during a sharp drop, be aware of opportunities to buy in batches at low points.
6. For profitable chips, reduce positions moderately to avoid rollercoaster trading. For bottom-fishing positions, set stop losses to protect your principal. 44510930450 $ETH $XRP
7. If the direction is unclear, it is better to miss out than to make a mistake. Preserve your principal, so you can smile longer.
8. New group members must not rush to make money, and definitely do not be greedy. First, learn to follow the trades seriously, practice your skills, trade with small funds, familiarize yourself with the rules of cryptocurrency trading's rises and falls, find your trading sense, and reduce your trading costs during learning and practice! #BinanceAlphaNew #CryptoMarketRebound
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