Learn this position management in the cryptocurrency circle, those who use it will reap the rewards

With a steady approach, the monthly returns can soar to 70%.

1. Divide the capital into 5 parts, enter only one-fifth each time! Control a 10-point stop-loss, if you make a mistake once, you only lose a total of 2%, it takes 5 mistakes to lose a total of 10%. If you are right, set a take-profit of more than 50 points.

2. How to further improve the win rate? In simple terms, it's about going with the trend! In a downtrend, every rebound is a trap to entice buyers, and in an uptrend, every drop presents an opportunity! Is it easier to make money by bottom fishing, or to buy on dips? You all know in your hearts!

3. Do not touch coins that have rapidly surged in the short term, whether mainstream or altcoins, very few types can go through several rounds of major upward waves. The logic is that it's quite difficult for them to continue rising after a short-term surge. When they stagnate at a high level, they naturally decline later; it's a very simple principle.

4. You can use MACD to judge entry and exit points. If the DIF line and DEA form a golden cross below the 0 axis, once it breaks above the 0 axis, it is a stable entry signal. When MACD forms a death cross above the 0 axis and moves downward, it can be seen as a sell signal.

5. I don't know who invented the term 'averaging down,' but it has caused many retail investors to stumble and suffer huge losses! Many people keep increasing their positions as they lose, and the more they add, the more they lose. This is very taboo in trading cryptocurrencies, putting oneself in a dead end. Do not add positions when losing, and do add positions when in profit.

6. Volume and price indicators are paramount; trading volume is the soul of the cryptocurrency circle. Pay attention when the price breaks out with increased volume at a low level during consolidation, and decisively exit when there is increased volume at a high level with stagnation.

7. Only trade coins that are in an upward trend; this greatly increases the odds and does not waste time. The 3-day moving average turning upwards indicates a short-term increase, the 30-day moving average turning upwards indicates a medium-term increase, the 84-day moving average turning upwards indicates a major upward wave, and the 120-day moving average turning upwards indicates a long-term increase!

8. Insist on reviewing each session, check if the holding positions have changed, technically observe if the weekly K-line trends match your judgment, whether the direction has changed, and timely review and adjust trading strategies!