As a poor college student, I used a very simple method to make five figures in a year in the crypto space, with just four steps: selecting coins, buying, position management, and selling. I will explain every detail clearly to you. (It's recommended to bookmark + follow to avoid losing it later.) I have tried many trading methods, which allowed me to achieve relatively continuous profits. I am still using this method today, which is highly effective and very stable.
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Step 1:
Add coins that have risen in the last 11 days to your watchlist,
However, it should be noted that coins that have fallen for more than three days need to be excluded to avoid capital escaping after profits.
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Step 2:
Open the candlestick chart, only looking at coins with a MACD golden cross on the monthly level.
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Step 3:
Open the daily candlestick chart, looking only at the 60-day moving average here,
As long as the price retraces near the 60-day moving average,
Enter heavily after a volume breakout candlestick appears.
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Step 4:
After entering, use the 60-day moving average as the standard, stay above it,
Exit and sell offline, divided into three details in total.
One is when the price increase exceeds 30,
Sell one-third,
Another is when the price increase exceeds 50,
Then sell one-third again,
The third is quite important
It is also the key to whether you can make a profit,
That is, if you buy on that day,
Unexpected situations arise on the second day,
The price has directly broken below the 60-day moving average,
Then definitely exit completely,
Do not have any other luck mentality,
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Although this method of selecting coins combines monthly and daily lines,
The probability of breaking below the 60-day line is very small,
But we still need to have risk awareness
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In the crypto space, preserving your principal is the most important thing,
However, even if I have already sold,
Then you can wait until it meets the buying conditions again
Buy back.
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Ultimately, the difficulty in making money lies not in the method, but in execution.
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“When the price directly breaks below the 60-day moving average, then exit completely, do not have any other luck mentality.
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In short, you cannot be rigid in the crypto space,
Being adaptable is the key to long-term survival in the market,
