How to make money in the cryptocurrency world!!!
Cryptocurrency⭕️, from 0 to 1, is a process of self-learning and self-awareness, from previous greed in holding positions to making profits in short-term trades.
＝Small losses + small gains + never large losses + occasional large gains, if you can achieve the above formula, you can realize profits.
Cryptocurrency money-making pitfall guide: Understand the rules before entering the market,
7 core strategies to help you catch trends
Want to make money in the cryptocurrency world? First understand the play before taking action! There are various types in the cryptocurrency world, such as spot trading and contracts, blindly following the trend will only make you “cannon fodder”, choosing what suits you is the key. Here are 7 core strategies to help you avoid traps and seize opportunities:
1. Bottom fishing during a crash: If a certain cryptocurrency has fallen for 9 consecutive days, you can decisively buy the dip on the 10th day — the limit of the market maker's washout is usually 9 days, and the cost performance is high at this time.
2. Reducing positions during a surge: If the cryptocurrency price rises for 2 consecutive days, you must reduce your positions! Remember, profits in the cryptocurrency world are made by “selling”, not by holding long-term; realizing gains quickly is the key to safety.
3. Following during consolidation: If a cryptocurrency has been flat for 6 days with no movement, and suddenly there is a surge in volume on the 7th day, follow it immediately! This is a clear signal before the main force starts, don’t miss the opportunity to rise.
4. Timely stop-loss: If the cryptocurrency you bought does not earn back the transaction fee the next day, cut your losses and exit! Time cost is an invisible killer; dragging on will only make you miss more opportunities.
5. “The 3-5-7 Law”: The cryptocurrency ranked third in the gainers list often can break into the top five, and the fifth place has a high probability of entering the top seven. But 99% of people fall into the trap of “waiting to break even”, don’t get trapped by luck.
6. Beware of the “4-day curse”: If a cryptocurrency has risen for 4 consecutive days, it is highly likely that there will be a crash at 3 PM on the fifth day; this is a fixed routine of quantitative machines, so prepare in advance.
7. Basic three principles + choosing the right direction: Regular investments can average costs, regardless of rises or falls, invest regularly; for long-term holdings, avoid chasing highs and panicking; holding quality cryptocurrencies can lead to significant returns; controlling risk is the bottom line, only invest money you can afford to lose, and never risk your living expenses. Additionally, follow the right people, pay attention to industry news and reliable influencers, which can help you grasp trends faster.
If you also want to catch the cryptocurrency wind and take off, feel free to private message or comment to exchange ideas, let’s explore more money-making opportunities together! #比特币 #区块链 $ETH #Web3
