Summary of 8 years of trading experience: a good trading strategy is the key to stable profits! The following is for your reference.
Coins protected by market makers:
When the market crashes, if the coins in hand do not drop, it is highly likely that there are market makers protecting them. These coins either have solid fundamentals or potential positive news, so hold on tight; the future profit potential is large.
Newbie moving average guide:
Newbies should pay more attention to macro information when buying and selling. For short-term, observe the 5-day moving average, hold as long as it is above the line, and exit if it breaks; for medium-term, focus on the 20-day moving average and operate similarly. Stick to a simple moving average strategy and act decisively.
Short-term response strategy:
If a coin bought for short-term trading does not move for three days, switch immediately. If it drops right after buying and incurs a 5% loss, decisively cut losses, use funds efficiently, and avoid further losses.
Opportunity for rebound after a sharp decline:
If a coin is halved from a high position and has dropped for nine consecutive days, it may have fallen as much as it can, and a rebound is imminent, so buy decisively to catch the rebound.
Leading coin investment logic:
In the cryptocurrency space, one should pursue leading coins, as they have strong upward momentum and resistance to declines. Do not hesitate due to high prices or significant drops; buy when the upward trend is established and sell during reversals.