Master this straightforward crypto trading approach, and you’ll gradually grow your wealth. These 10 simple yet powerful principles work wonders when applied with consistency and discipline:
1. **Watch for extended dips on strong coins** – If a solid project drops for 9 straight days but stays relatively high, it might be gearing up for a reversal. That’s your cue to start paying attention.
2. **Take profits after a short rally** – If a coin rises for two days in a row, it’s often smart to reduce your position. The pump may fade, and early profit-taking protects your capital.
3. **Expect a dip after a big spike** – When a coin jumps over 7% in a single day, the next day often brings a pullback. Don’t let FOMO get you — wait for a better entry.
4. **Avoid chasing pumps** – Only consider entering once a clear bull run has ended. The best opportunities come after the hype dies down and new trends begin forming.
5. **Monitor low-volatility coins** – If a coin moves sideways for three days, watch it for another three. Still no action? It might be time to reallocate your funds.
6. **Cut losses early** – If a coin can’t recover to the previous day’s price, exit quickly. Staying in longer may lead to deeper losses.
7. **Ride momentum in waves** – When a few coins start rising, others may follow. A small dip on the third day after two green days can be a solid entry point — the fifth day is often a good exit.
8. **Volume reveals the truth** – Strong volume during a low-price breakout is promising. But if volume surges at a high price without upward movement, it could be a bull trap — don’t hesitate to get out.
9. **Stick with trending coins** – Focus on assets already in an upward trend. This improves your chances of catching momentum and avoiding false signals.
10. **Let discipline lead your trades** – Following these rules won’t guarantee instant wins, but applying them consistently can grow your portfolio over time.
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