In the investment world of cryptocurrency, there exists a seemingly simple yet effective method for trading coins. Throughout past explorations, I have attempted many trading strategies, most of which are hard to put into practice. Only this method has achieved relatively stable and continuous profit results, and you also possess such potential. I am not someone with extraordinary abilities, just an ordinary investor. The difference between others and me often lies in their oblivion to this method. If you can comprehend and skillfully apply this method, and pay great attention to it in subsequent trading processes, then achieving a daily profit increase of 3 to 10 percentage points is not out of reach.
The steps of operation are as follows: First, add individual cryptocurrencies that have risen in the rankings within the last 11 days to your watchlist, but be careful to exclude those that have experienced a decline for three consecutive days or more to avoid situations where funds have already been profitably withdrawn, leading to weak subsequent trends.
Second, open the K-line chart interface and focus solely on cryptocurrencies that show a golden cross pattern on the monthly MACD level.
Third, switch to the daily K-line chart and only pay attention to the 60-day moving average. When the coin price pulls back near the 60-day moving average and is accompanied by a volume surge in the K-line, decisively execute a heavy buying operation.
Fourth, after completing the buying entry, use the 60-day moving average as the core reference standard. If the coin price is above the moving average, hold the position; once the coin price falls below the moving average, immediately execute a selling operation.
Three key points: First, when the swing increase exceeds 30%, reduce one-third of your holdings; second, when the swing increase exceeds 50%, again reduce one-third of your holdings; third, the most critical factor related to profit or loss is that if an abnormal situation occurs on the day after the buying day, causing the coin price to fall directly below the 60-day moving average, you must unhesitatingly liquidate all positions and exit, without any hope of luck. Although the probability of the coin price falling below the 60-day line is relatively low when using the combination of monthly and daily line selection methods, we must always maintain a sense of risk prevention. In the investment field of cryptocurrency, protecting the principal is always the top priority. Even if you have sold, if the cryptocurrency subsequently meets the buying conditions again, you can still buy back. The key to making a profit in the cryptocurrency market is not in searching for methods, but in the ability to resolutely execute the established strategy. When the coin price directly falls below the 60-day moving average, you must exit completely, without any luck mentality.