#DayTradingStrategy Master this simple approach to trading cryptocurrencies and you’ll gradually build wealth over time. These 10 golden rules are easy to grasp but incredibly effective when applied with consistency and discipline.
If a strong coin declines for 9 consecutive days yet remains at elevated levels, pay attention — it could be gearing up for a reversal. That’s your cue to start tracking it closely.
When a coin climbs for two days in a row, consider trimming your position. The initial surge may lose steam, and taking profits early helps protect your capital.
If a coin jumps by more than 7% in a single day, expect a pullback the next day. Resist FOMO; instead, watch patiently for a better entry point.
Only step in after a previous bull run has clearly ended. Chasing pumps seldom pays off — the best opportunities often come once the hype fades and new trends start to form.
If a coin trades sideways with low volatility for three days, keep observing for three more. If there’s still no movement, it might be time to reallocate your funds.
If a coin fails to recover to its previous day’s price level, act fast and exit. Staying too long often turns small losses into bigger ones.