After mastering my clumsiest method of trading cryptocurrencies, I have been cruising in the crypto world like a cheat code, with a green light all the way, because I have firmly grasped the following 10 rules:
1. Whenever a strong coin drops for 9 consecutive days from a high position, be sure to follow up in a timely manner.
2. If any coin rises for two consecutive days, be sure to reduce your position in a timely manner.
3. If any coin rises more than 7%, there is still an opportunity for further gains the next day; you may continue to observe.
4. For strong bull coins, be sure to wait until the pullback is over before entering the market.
5. If any coin has flat fluctuations for three consecutive days, observe for another three days; if there is no change, consider switching.
6. If any coin fails to recover the previous day's cost price the next day, you should exit promptly.
7. In the ranking of price increases, if there are three, there must be five; if there are five, there must be seven. Coins that rise for two consecutive days should be bought on dips; 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 of a coin breaks out at a low level during consolidation, it requires attention; if it shows a volume stagnation at a high level, one should decisively exit.
9. Only choose coins that are in an upward trend for trading; this maximizes your chances and won't waste your time. When the 3-day moving average turns up, it indicates a short-term rise; when the 30-day moving average turns up, it means a medium-term rise; when the 80-day moving average turns up, it indicates a main upward trend; and when the 120-day moving average turns up, 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 execute strategies, and patiently wait for opportunities to arise.