Having learned this simplest method of trading cryptocurrencies, I have since been like a cheat code 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 there is a continuous drop for 9 days at a high level, be sure to follow up in a timely manner.
2. Any cryptocurrency that has risen for two consecutive days must have its position reduced in a timely manner.
3. Any cryptocurrency that rises more than 7% has a chance to continue rising the next day; one can continue to observe.
4. For strong bull coins, be sure to wait until the pullback is over before entering the market.
5. If any cryptocurrency has been flat for three consecutive days, observe for another three days; if there is no change, consider switching.
6. If any cryptocurrency fails to earn back the previous day's cost on the next day, one should exit in a timely manner.
7. There are always three in the rise list, and if there are five, there must be seven. For cryptocurrencies that have risen for two consecutive days, one should buy 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 cryptocurrency world. When the price breaks out with increased volume at a low level, it should be noted; when there is a strong increase in volume at a high level with stagnation, one should exit decisively.
9. Only choose cryptocurrencies that are in an upward trend for trading; this maximizes the chances of success and does not waste time. When the 3-day moving average turns upward, it indicates a short-term rise; when the 30-day moving average turns upward, it means a medium-term rise; when the 80-day moving average turns upward, it indicates a main upward trend; and when the 120-day moving average turns upward, it indicates a long-term rise.
10. In the cryptocurrency 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.
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