Having learned my clumsy method of trading cryptocurrencies, I can now navigate the crypto world as if I have superpowers, with smooth sailing ahead, all thanks to mastering the following 10 rules:
1. As long as a strong coin drops continuously for 9 days at a high position, be sure to follow up in a timely manner.
2. If any coin has risen for two consecutive days, be sure to reduce your position in a timely manner.
3. If any coin has risen more than 7%, there is still a chance for further gains the next day; you can continue to observe.
4. For strong bullish coins, wait until the correction is over before entering the market.
5. If any coin has had three days of dull fluctuations, observe for another three days; if there is no change, consider switching to another coin.
6. If a coin fails to earn back the previous day's cost price the next day, you should exit promptly.
7. If there are three coins on the gainers list, there will be five; if there are five, there will be seven. For coins that have risen for two consecutive days, enter at a low point; the fifth day is usually a good selling point.
8. Volume and price indicators are crucial; trading volume is considered the soul of the crypto market. When the price is consolidating at a low point and a volume breakout occurs, it requires attention; if a volume stagnation occurs at a high point, exit decisively.
9. Only choose coins that are in an upward trend for trading, as this maximizes your chances and prevents wasting time. If the 3-day moving average turns upward, it indicates a short-term rise; if the 30-day moving average turns upward, it means a medium-term rise; if the 80-day moving average turns upward, it indicates a main upward wave; if the 120-day moving average turns upward, it signifies a long-term rise.
10. In the crypto world, small funds do not mean no opportunities. As long as you master the correct methods, maintain a rational mindset, strictly implement strategies, and patiently wait for opportunities to arise, you can also achieve a reversal of wealth in this land full of opportunities. Remember, while the crypto world is great, the risks are also significant. Only by continuously learning, summarizing experiences, and improving oneself can you go further.
