With my method of trading cryptocurrencies, which is the most foolish, you can navigate the crypto world like a cheat code, with green lights all the way, simply by firmly grasping the following 10 rules:
1. If a strong coin drops at a high position for 9 consecutive days, make sure to follow up promptly.
2. If any coin has increased for two consecutive days, make sure to reduce your position promptly.
3. If any coin rises more than 7%, there is still a chance for an increase the next day, you can continue to observe.
4. For strong bull coins, make sure to wait until the correction is over before entering.
5. If any coin has had three consecutive days of dull fluctuations, observe for three more 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. If there are three on the rise list, there must be five; if there are five, there must be seven. For coins that have risen for two consecutive days, enter at the dip; the fifth day is usually a good selling point.
8. Volume-price indicators are crucial; trading volume is the soul of the crypto world. When the price breaks out at a low level during consolidation, it needs attention; when there is a volume stagnation at a high level, exit decisively.
9. Only choose coins that are in an upward trend for trading; this maximizes your odds and won't waste your time. If the 3-day moving average is turning up, it indicates a short-term rise; if the 30-day moving average is turning up, it indicates a medium-term rise; if the 80-day moving average is turning up, it indicates a main upward trend; if the 120-day moving average is turning up, it 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 arrive!
