How to earn more than 40 dollars a day in cryptocurrencies
1. Research cryptocurrencies and the daily movements of cryptocurrencies.
- You must have a significant trading volume: Look for coins that are active in the markets, as these tend to have more predictable fluctuations. Some of them, Xrp, Ava, Sol, Eth, Bnb when they drop tend to have a strong recovery.
- They show regular volatility: Check cryptos that present daily ups and downs, which allows you to take advantage of the peaks and corrections.
2. Buy on corrections and sell near the average. When there are large drops, a good rise is likely to occur.
- Buy on corrections: After a peak, cryptos tend to experience a drop known as a correction. Use indicators like the RSI (Relative Strength Index), Buy when the RSI is low.
- Sell near the average: Once the price approaches the daily average or a key resistance level, consider selling. This ensures that you will make a profit before the market corrects itself again.
- Avoid greed: Don’t wait for the coin to reach impossible highs. A steady profit is more valuable than taking unnecessary risks.
3. Diversify your investments
Do not put all your money into a single cryptocurrency.
- Invest in several cryptos: If one does not perform well, the gains from others can offset the losses.
