There is a senior next to me who used to run a small shop, and then he got involved in the cryptocurrency world. From then on, he started studying trading seriously and achieved a life turnaround through trading, now his assets have reached 8 figures. The method he uses is actually very simple, just 4 steps: selecting coins, buying, position management, and selling. He will explain every detail clearly to you!
The first step is to open the daily chart and only look at the daily level for coins with a MACD golden cross. It is best to choose a golden cross that is above the zero line, as this has the best effect!
The second step is to switch to the daily level. Here you only need to look at one moving average, called the daily moving average. Hold above the line and sell below the line.
The third step is after buying, if the coin price breaks through the daily moving average and the volume is also above the daily moving average, you should buy with your entire position. For the fourth step of selling, there are three details: the first is when the segment's increase exceeds 40%, sell 1/3 of the overall position; the second is when the overall segment increase exceeds 80%, sell another 1/3; and when it drops below the daily moving average, clear out the entire position.
The fourth step is also the most important one. Since we are using the daily moving average as our buying basis, if the next day there is an unexpected situation and it directly drops below, then you must sell everything and not harbor any lucky thoughts! Although the probability of it breaking through using our coin selection method is very small, we still need to have risk awareness! After selling, wait for it to stand above the daily moving average again and then you can buy back.
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