Learn this simplest method of trading cryptocurrencies, and you will gradually become rich. Master the following 10 rules firmly:
1. As long as a strong cryptocurrency drops continuously for 9 days at a high position, make sure to follow up in time.
2. For any cryptocurrency, if it rises for two consecutive days, make sure to reduce your position in time.
3. For any cryptocurrency, if it rises more than 7%, the opportunity for a previous high the next day can be observed further.
4. Previous bull coins must be entered after they end.
5. If any cryptocurrency has been stable for three consecutive days, observe for another three days. If there is no change, consider switching positions.
6. If any cryptocurrency fails to earn back the previous day's cost price the next day, exit promptly.
7. If there are three on the rise list, there must be five; if there are five, there must be seven. For cryptocurrencies that rise for two consecutive days, enter at a low point; the fifth day is usually a good selling point.
8. Volume and price indicators are crucial; trading volume is considered the soul of the cryptocurrency world. When the price breaks out with increased volume at a low level during consolidation, it needs attention; if there is a significant increase in volume at a high level but the price stagnates, exit decisively.
9. Only choose cryptocurrencies with an upward trend for operation, this maximizes victory and avoids waste. A 3-day moving average turning upward indicates a short-term rise; a 30-day moving average turning upward signifies a medium-term rise; an 80-day moving average turning upward indicates a main upward trend; a 120-day moving average turning upward indicates a long-term rise.
10. In the cryptocurrency world, small funds do not mean no opportunities. As long as you master the correct methods, maintain a rational mindset, and strictly execute strategies while waiting for opportunities to arise. Lastly, I advise everyone not to trade cryptocurrencies full-time and definitely not to trade cryptocurrencies on borrowed funds, or else it will be unbearable!