After eight years of trading cryptocurrencies, I have earned more than 40 million, and my whole family is counting on this. Along the way, I have summarized six practical tips that are simple yet effective! Today, let's chat, and learning these will save you a lot of trouble!
1. When trading cryptocurrencies, keep an eye on those powerful coins. When you're uncertain, look at the 60-day moving average; if it's above, we buy in or increase our position; if it's below, we withdraw. This strategy is reliable most of the time.
2. If a coin suddenly rises more than 50%, don't rush to chase it; it can easily lead to panic. It's safer to buy at lower levels with lower risk, and you might even earn more.
3. Before a significant rise, there are often signs. For example, if the price fluctuates slightly, with a change of only 10% to 20%, but the trading volume is low. At this point, we can slowly buy in at lower levels, which often allows us to ride the upward trend.
4. When a new market hotspot appears, it will surely be hot in the first few days. At this time, seize the opportunity and follow the big funds; making money will be easy.
5. Once a bear market arrives, we must restrain ourselves and avoid making moves for at least six months. If the market is not good, operate less; knowing when to rest is the mark of a skilled trader.
6. Every week, we need to review our strategies, not just to see if we made a profit, but to check if our strategy is correct. If it is, continue; if not, adjust. After a few months, your trading skills will stabilize.
Remember, success does not come easily; it is for those who are prepared.
As for the upcoming layout direction, I will lead everyone to target the lucrative opportunities in altcoins, especially those projects with great potential, where a tenfold increase is definitely possible. If you want to make big money in a bull market, like and comment, and I'll take you through the entire bull market!