If you are determined to trade cryptocurrency for a lifetime and hope to support your family through it one day!
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 has fallen for 9 consecutive days from a high position, be sure to follow up in time.
2. If any cryptocurrency has risen for two consecutive days, be sure to reduce your position in time. If any cryptocurrency has risen more than 7%, there is still a chance for further gains the next day; you may continue to observe. For strong bull coins, be sure to wait until the pullback is over before entering the market. If any cryptocurrency has remained stable for three consecutive days, observe for another three days; if there is no change, consider switching to another coin.
If any cryptocurrency fails to regain the previous day's cost price the next day, you should exit in time.
In the ranking of gains, if there are three, there must be five; if there are five, there must be seven. For cryptocurrencies that have risen for two consecutive days, enter the market at a low point; the fifth day is usually a good selling point.
8. Volume and price indicators are crucial; trading volume is the soul of the cryptocurrency market. When the price breaks out with increased volume at a low consolidation level, it needs to be monitored; if there is increased volume with stagnation at a high level, exit decisively.
9. Only choose cryptocurrencies that are in an upward trend for operations, as this maximizes your chances and saves time. A 3-day moving average turning upwards indicates a short-term rise; a 30-day moving average turning upwards indicates a medium-term rise; an 80-day moving average turning upwards indicates a main rising wave; a 120-day moving average turning upwards indicates a long-term rise.
10. In the cryptocurrency market, small funds do not mean no opportunities. As long as you master the right 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 income in just one year by entering the market only when I saw opportunities, never trading without a pattern, and maintaining a win rate of over 90% for five years!