Newbies should learn these few simplest methods for trading coins to improve their success rate:
1. For strong coins, if they have dropped for 9 consecutive days at a high position, make sure to follow up in a timely manner.
2. For any coin, if it has risen for two consecutive days, make sure to reduce your position in a timely manner.
3. For any coin, if it has increased by more than 7%, there is still a chance for further gains the next day; you can continue to observe.
4. If any coin has shown stable fluctuations for three consecutive days, observe for another three days. If there is no change, consider switching.
5. If there are three on the rise list, there must be five; if there are five, there must be seven. For coins that have risen for two consecutive days, enter the market on dips; the fifth day is usually a good selling point.
6. Volume and price indicators are crucial; trading volume is considered the soul of the coin market. When the coin price breaks out with increased volume at a low level, it needs attention; if there is increased volume but stagnation at a high level, decisively exit the market.
7. Only choose coins that are in an upward trend for trading, as this provides the greatest chance of success and saves time.
8. In the coin market, small funds do not mean no opportunities. If you can discover a potential coin in the primary market, there will be great rewards.
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