I have been trading cryptocurrencies for 10 years, making 1.1 small goals. If you want to change your destiny, you must try the cryptocurrency world. If you can't make money in this circle, ordinary people will have no opportunity in their lifetime #币安Alpha上新
Methods for trading cryptocurrencies:
1. Buy mainstream valuable coins in large positions, spot trading (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 and use the rolling position strategy (adding or reducing positions) #特朗普暂停新关税
When the market crashes sharply, don’t panic if it doesn’t break the 20-day line in four hours for several reasons:
a. Contract explosion: If you don’t have the skills, don’t easily play with contracts; the data is completely different from spot trading. Protecting your principal is essential to continue enjoying the benefits of a bull market! $BTC
b. Pullback demand: After a sharp rise in mainstream valuable coins, if there is a gap opening above the five-day line, it usually needs to pull back to the five-day line, or even the ten-day line, to build energy for further increases! $ETH
c. Cutting leeks: Retail investors like to chase highs and kill lows. After retail investors chase high prices, the big players will usually drop quickly to scare retail investors into cutting losses and giving up their chips. $XRP
2. For profitable positions, reduce positions in advance or sell in batches at high positions to lock in profits;
3. Pre-set orders at the daily level's 5-day, 10-day, and 30-day lines in batches to buy at low levels.
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 after a pullback to the lifeline.
5. During a sharp rise, be aware of the risks and do not blindly chase high prices. During a sharp decline, be aware of opportunities and buy in batches at low levels.
6. For profitable chips, reduce positions appropriately to avoid rollercoaster trading. For bottom-fishing positions, it is recommended to set a stop-loss to protect the principal.
7. If the direction is unclear, it’s better to miss out than to make a mistake; protecting the principal allows you to smile longer.
8. New group members should not rush to make money, and definitely should not be greedy. First, study and follow trades seriously, practice skills with small funds, familiarize yourself with the rise and fall patterns of digital currency trading, and find your trading intuition to reduce trading costs during learning and practice!
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