Crypto trading is not rocket science.
If you act with a little intelligence and patience—and follow these 10 simple rules—then Insha'Allah (God willing), you too can slowly become wealthy.
Remember: don't rush it!
Here are the 10 golden rules:
1. Strong Crypto Falling:
If a good, strong cryptocurrency has been falling from its high level for 9 consecutive days, keep a close eye on it.
That could be your entry point.
2. Two Days Up, Then Be Cautious:
If a crypto has been going up for two consecutive days, start reducing your position immediately.
Booking profits is important.
3. After a 7% Rise—Then What?
If a crypto goes up more than 7%, wait for a pullback the next day.
Instead of jumping in instantly, observe first.
4. Enter After the Bull Run Ends:
Always enter the market after the previous bull run has ended.
Jumping in the middle could lead to losses.
5. Three Days of Low Movement:
If a crypto is moving with low volatility for three days, observe it for three more days.
If there's still no significant change, consider changing your holdings.
There might be better opportunities elsewhere.
6. If It Can’t Recover the Previous Day’s Cost—Exit:
If a crypto can’t recover the cost of the previous day the next day, exit immediately.
Cutting losses early is a smart move.
7. Secret of the Gainers List:
If there are 3 gainers today, there might be 5 tomorrow—and if 5, then maybe 7.
Cryptos that rise for two days straight are often good to buy on dips.
The 5th day is often a good selling point.
8. Volume and Price: Body and Soul:
Volume and price indicators are essential.
Trading volume is the lifeblood of the market.
When a crypto breaks out after consolidating at a low price level—pay attention.
But if volume increases at a high level while price stagnates, that's a signal to exit.
It could indicate a reversal.
9. Trade Only Upward-Trending Cryptos:
Trade only those cryptos that are in an upward trend.
This saves time and increases profit potential.