If you are determined to trade cryptocurrencies for a lifetime and hope to one day support your family through trading!
Then, please remember the following 10 iron rules. The content is not much, but every sentence is valuable. Share it with those who are destined to receive it! If a strong coin drops continuously for 9 days after a high position, make sure to follow up in a timely manner.
2. If any coin rises for two consecutive days, make sure to reduce your position in a timely manner. If any coin rises more than 7%, there is still a chance for further increase the next day; you can continue to observe. For strong bull coins, wait until the correction ends before entering the market. If any coin fluctuates calmly for three consecutive days, observe for another three days; if there is no change, consider switching to another coin.
If any coin fails to recover the previous day's cost price the next day, you should exit in a timely manner.
In the ranking of price increases, if there are three, there will be five; if there are five, there will be seven. For coins that have risen continuously for two days, buy on dips; the fifth day is usually a good selling point.
8. Volume-price indicators are crucial; trading volume is considered the soul of the cryptocurrency market. When the price breaks out at a low level during consolidation, it needs attention; when there is a volume stagnation at a high level, be decisive in exiting.
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 upwards, it indicates a short-term rise; when the 30-day moving average turns upwards, it indicates a medium-term rise; when the 80-day moving average turns upwards, it indicates a major upward trend; when the 120-day moving average turns upwards, it indicates a long-term rise.
10. In the cryptocurrency circle, 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.
My trading method is very simple and practical. I reached an 8-digit figure in just one year by entering the market only when I saw the right opportunity, avoiding trades without clear patterns, and maintaining a winning rate of over 90% for five years!
