Having learned my dumbest method for trading cryptocurrencies, from now on, it's as if I'm playing a game in the crypto world, with a green light all the way, simply because I have firmly grasped the following 10 rules:
1. For strong coins, if the price drops for 9 consecutive days at a high position, be sure to follow up in time.
2. For any cryptocurrency, if it rises for two consecutive days, be sure to reduce your holdings in time.
3. For any cryptocurrency, if it rises by more than 7%, there may still be opportunities for further increases the next day, so continue to observe.
4. For strong bull coins, be sure to wait until the pullback ends before entering the market.
5. For any cryptocurrency, if it fluctuates mildly for three consecutive days, observe for another three days; if there is no change, consider switching.
6. For any cryptocurrency, if the next day it fails to recover the cost price from the previous day, one should exit in time.
7. If there are three on the rise chart, there must be five; if there are five, there must be seven. For cryptocurrencies that have risen for two consecutive days, enter when the price is low; the fifth day is usually a good selling point.
8. Volume and price indicators are crucial; trading volume is the soul of the crypto world. When the price is consolidating at a low level and there is a breakout with increased volume, it needs attention; if there is increased volume at a high level but no price rise, exit decisively.
9. Only choose cryptocurrencies that are in an upward trend for operations; this maximizes your chances and saves time. A 3-day moving average turning upwards indicates a short-term rise; a 30-day moving average turning upwards indicates a medium-term rise; an 80-day moving average turning upwards indicates a major upward trend; a 120-day moving average turning upwards indicates a long-term rise.
10. In the crypto world, small funds do not mean no opportunities. As long as you grasp the correct methods, maintain a rational mindset, strictly execute strategies, and patiently wait for opportunities to arise, you too can achieve wealth reversal in this land full of opportunities. Remember, while the crypto world is good, the risks are also great; only by continuously learning, summarizing experiences, and constantly improving oneself can one go further. #新手必看 #新手小白的合约之路