Learn these simplest methods for trading cryptocurrencies, and you will gradually become wealthy. Firmly grasp the following 10 rules:
1. If a strong cryptocurrency drops for 9 consecutive days at a high position, trigger it in a timely manner.
2. If any cryptocurrency rises for two consecutive days, be sure to reduce your position in a timely manner.
3. If any cryptocurrency rises more than 7%, there is a good chance of a further increase the next day.
4. Past bull cryptocurrencies must end their previous stages.
5. If any cryptocurrency experiences three consecutive days of dull fluctuations, observe for three more days. If there is no change, consider switching positions.
6. If any cryptocurrency fails to recover the previous day's cost price the next day, exit in a timely manner.
7. If there are three coins on the rise, there will definitely be five, and if there are five, there will definitely be seven. For cryptocurrencies that have risen for three consecutive days, enter when the price is low; the fifth day is usually a good selling point.
8. Volume and price indicators are crucial; trading volume is considered the soul of the cryptocurrency world. When the cryptocurrency price breaks out with increased volume at a low level, it needs attention; when there is increased volume but stagnation at a high level, exit decisively.
9. Only choose cryptocurrencies with an upward trend for operation, as this maximizes success and minimizes waste. An upward turning 3-day line indicates a short-term rise; an upward turning 30-day line signifies a medium-term rise; an upward turning 80-day line indicates a main upward trend; and an upward turning 120-day line signifies a long-term rise.
10. In the cryptocurrency world, small funds do not mean no opportunities. As long as you master the right methods, maintain a rational mindset, strictly execute strategies, and wait for opportunities to come.
Finally, I advise everyone not to trade cryptocurrencies full-time, and especially not to keep accounts while trading cryptocurrencies, or else it will be extremely painful!
