Profitable Cryptocurrency Trading Techniques: Four-Step Strategy to Easily Unlock the Wealth Code!
When it comes to trading cryptocurrencies, it's not actually that difficult. The key is to have your own set of profitable secrets. I have a method that is incredibly simple but surprisingly effective, almost guaranteeing you steady profits. This method consists of four steps: selecting a coin, buying in, managing positions, and selling. I'll explain each step clearly for you.
We need to pick a good cryptocurrency. How do we do that? Open the daily chart and look for those with a MACD golden cross, especially those above the zero axis. These have great potential and can really take off when they rise.
Once we've chosen our cryptocurrency, the next step is to buy in. At this point, we must keep an eye on the daily moving average. If the price is above it, we hold; if it's below, we sell. Simple, right? But don’t underestimate the daily moving average; it’s a powerful tool for judging market trends.
After buying, if the price breaks through the daily moving average and the trading volume also increases, don’t hesitate—go all in! At this moment, the market is ripe, and we need to jump on the wealth express without missing the opportunity.
As for selling, it requires more finesse. If the price increases by more than 40%, we sell 1/3 first to lock in some profits. If it increases by more than 80%, we sell another 1/3. By this time, we’ve already made a substantial profit. But if the price falls below the daily moving average, don’t hold on—quickly liquidate and get out, don’t let yourself get trapped.
Lastly, and most importantly, is risk awareness. We trade cryptocurrencies not to take risks but to make money. Therefore, if the market experiences an unexpected turn and the price falls below the daily moving average, we must sell decisively—no gambling mentality. After selling, we patiently wait for the price to rise above the daily moving average again before re-entering the market and continuing our journey to make money.
This is the essence of my profitable trading secret. Four steps, simple and practical—if you can stick to it, I believe you can also harvest your own wealth on the cryptocurrency trading path.