Let me share a cryptocurrency trading strategy! The first step is to add the coins that have been on the gain list within a week to your favorites, but it should be noted that coins that have fallen for more than three days need to be excluded to prevent funds from taking profits and fleeing. You should avoid such one-day coins.
This step is to use the price increase list to determine the flow of funds!
Second, open the K-line chart and only look at the coins with MACD golden cross at the monthly level. Those without MACD golden cross at the monthly level should be excluded from the watchlist!
This step is to use long-term indicators to determine the bull and bear markets!
Third, open the daily K-line chart and only look at the daily EMA60 moving average. After it pulls back to around EMA60, and then a large volume K-line appears, this is when you need to pay special attention!
This step is to use mid-term indicators to determine the trend!
Fourth, open the 4-hour K-line chart. If you see a golden cross on the 4-hour line, go long!
This step is to use short-term indicators to determine the timing of entry!
When to stop loss and take profit?
Regarding stop loss, the daily K-line is completely below EMA60 for 3 consecutive days. To put it simply, if you don’t make money in three days, just leave! Even if you miss out later, don’t chase it anymore! This is trading discipline, you must develop it!
Regarding stop-profit, as long as it doubles, just take out the principal and let the profit continue to run! When will it run? My standard is when the trading volume reaches 1/3 of ETH. If you want to be more specific, you can also take it when the trading volume is close to ETH!
How many times leverage?
Don't open a leveraged contract! You can get a good profit with spot trading! If you must open one, don't exceed 3 times!
Finally, a reminder that this strategy is not a golden rule, and do not use your own funds to open an order immediately! If you open an order immediately, you will most likely lose money!
The most important thing in trading is not these strategies, but the development of trading discipline, the grasp of profit and loss ratio, the reasonable allocation of positions, and the extreme calmness of mentality! Just like in martial arts novels, the most important thing is not the moves, but the training of inner strength. And inner strength cannot be developed overnight!
