Essential Cryptocurrency Trading Secrets for Beginners!
1. If a strong coin has dropped for 9 consecutive days from a high position, be sure to follow up in a timely manner.
2. If any coin has risen for two consecutive days, be sure to reduce your position in a timely manner.
3. If any coin has increased by more than 7%, and there is still a chance of rising the next day, you can continue to observe.
4. For strong bull coins, make sure to wait until the pullback is over before entering the market.
5. If any coin has had three consecutive days of flat movement, observe for three more days; if there is no change, consider switching.
6. If any coin fails to regain the previous day's cost price the next day, you should exit in a timely manner.
7. If there are three on the rise list, there must be five; if there are five, there must be seven. For coins that have risen for two 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 the soul of the cryptocurrency market. When the coin price breaks out on an increase in volume at a low consolidation level, it needs attention. If there is a surge in volume at a high level with stagnation, decisively exit the position.
9. Only choose coins that are in an upward trend for operations, as this maximizes your chances and won't waste 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 upward 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 correct methods, maintain a rational mindset, strictly execute strategies, and patiently wait for opportunities, you can also achieve a wealth turnaround in this land full of opportunities.
Remember, while the market is good, the risks are also great. Only by continuously learning, summarizing experiences, and constantly improving yourself can you go further!