I lost a lot of money in these markets, but with these steps I succeeded ✅️:
I lost a lot of money in crypto 💰, but after a lot of struggle and learning, I was able to flip the coin and make amazing profits. Here are 8 golden rules that helped me build a bank with cryptocurrencies:
📉💼 1. Divide and win: Divide your money into 5 parts and invest only one-fifth of it each time! Keep a tight leash with a stop loss of 10 pips. Mistakes are inevitable, but with this strategy, you will only risk 2% of your total money per trade. Set a stop profit of more than 10 pips to avoid falling into a bearish trap.
📈💰 2. Follow the trend: Improve your win rate by following the trend! It may seem tempting to buy on a bounce in a downtrend, but it is often better to wait for dips in an uptrend.
🚀📉 3. Avoid short-term noise: Stay away from coins that have risen significantly in the short term. Whether they are mainstream or counterfeit, few coins sustain multiple waves of upward trends. Don’t bet on these volatile movements.
📊🔄 4. MACD Indicators: Use MACD to time your entry and exit points. A golden cross below the 0 axis indicates a firm entry, while a dead cross above the 0 axis indicates a reduction in positions.
📈💔 5. Avoid a pullback: “Hedging positions” can lead to huge losses. Resist the urge to double down when you lose; instead, increase positions when you are profitable. Don’t dig yourself into a deeper hole.
💹📈 6. Watch Volume: Volume and price indicators are crucial. Watch for high volume breakouts at low consolidation levels and exit decisively when high levels show stagnation.
📈⬆ 7. Ride the Uptrend: Stick to bullish currencies to maximize your chances of winning. Monitor key indicators like 3-day, 30-day, 84-day, and 120-day moving averages to gauge the market trend.
🔄📝 8. Weekly Review: Regularly review your holdings and adjust your strategy accordingly. Check for any changes in logic, technical trends and market direction.
