#TrumpTariffs
The cryptocurrency market went from 50,000 to 3.58 million; just remember these few sentences!
1. Short-term
1. Focus only on the top ten mainstream cryptocurrencies daily, based on current market hotspots, news, daily MACD golden cross, BOLL contraction/expansion, combined with market trends, and comprehensively consider the selection of highly volatile varieties for trading.
2. Manage your position well:
Divide 50,000 into 20%, which is 5 parts, and take one part to build a position each time. 3. Never go all-in; at most 50%, always leave 50% as a buffer for waiting for opportunities.
4. Do not make more than 3 trades in a day; control your hands.
5. Never average down; if you enter and are down 30%, withdraw promptly; this indicates that your entry point is wrong.
6. Set a stop loss at 30%; if it breaks, close the position unconditionally; do not hold onto losing positions.
7. Never fall in love with candlesticks; enter and exit quickly, remember!!
8. Go with the trend; the trend is king; only trade mainstream, not small-cap knockoffs!
2. Cryptocurrency life-saving mantra (recommended to memorize)
1. Don't rush to flee when there is a big drop in the morning; usually, there will be a bounce back in the afternoon! 2. When there is a big rise in the afternoon, reduce your position; there is a high probability of a pullback at night! 3. If the volume rises, it will continue to rise; if the volume drops, it will continue to drop. 4. Major meetings or positive news will usually cause a rise