On New Year's Eve, I chatted with an old friend who has been trading cryptocurrencies for eight years. He started with 100,000 and now supports himself entirely through trading! He shared two particularly practical pieces of advice that I think are very important for all retail investors. You should really think them over and, if possible, write them down.
The first piece of advice is, if your principal is less than 100,000 and you still love to frequently buy and sell for short-term trades, you must remember that short-term trading doesn’t mean you have to trade every day. If you're not confident, don't make random moves! If a meme coin becomes popular, keep an eye on the leaders of mainstream segments. If there's no continuous market trend, the best choice is to stay in cash and observe.
The second piece of advice is that before a coin experiences a big breakout, there is often a period where the price fluctuates between -3% and 8%, and the trading volume also shrinks, just like the weather with small ups and downs. At this time, set your average volume line to 135 days and see if the trading volume is below the average line during the fluctuations. Don’t rush in without caution. This is a signal that the main players are secretly controlling the market, but remember, this method can only be used when the coin price is low. Once you encounter this situation, it's likely that a big rise is coming.
Although the market is a bit sluggish right now, opportunities will still come. Let’s patiently wait for a pullback, and when the time comes, I will help everyone seize the lucrative opportunities in meme coins. Doubling your investment is definitely not a dream. Like and leave a message, and let’s grab this big opportunity in the current bull market together!
