There is a very foolish method for trading cryptocurrencies that almost guarantees a profit.
This method is actually very simple, consisting of just four steps: selecting the coin, buying in, managing positions, and then selling. Every detail will be explained clearly to you!
The first step is to open the daily chart and only look at the daily level, focusing on coins with a MACD golden cross, preferably choosing a golden cross above the zero line, as this gives the best results!
The second step is to switch to the daily level, where you only need to look at one moving average, called the daily moving average. Buy when above the line, and sell when below the line.
The third step is after buying, when the coin price breaks through the daily moving average, and the volume is also above the daily moving average, you should buy in fully. For the fourth step, selling is divided into three details: the first is when the wave increase exceeds 40%, sell 1/3 of the total position; the second is when the overall wave increase exceeds 80%, sell another 1/3; and when it drops below the daily moving average, sell everything.
The fourth step is also the most important one. Since we are using the daily moving average as our buying basis, if unexpected circumstances occur the next day causing it to drop below, you must sell everything and not hold onto any false hope! Although the probability of it breaking through using our coin selection method is very low, we still need to be aware of the risks! After selling, wait for it to stand above the daily moving average again, and then you can buy back in!