After learning my dumbest method for trading cryptocurrencies, I can now feel like I’m cheating in the crypto world, with a green light all the way, simply because I firmly grasped
1. For a strong coin, if it has fallen continuously for 9 days from a high position, be sure to follow up promptly.
2. For any coin, if it has risen for two consecutive days, be sure to reduce your position in a timely manner.
3. For any coin, if it rises more than 7%, there is still a chance to rise the next day, you can continue to observe.
4. For strong bull coins, be sure to wait until the pullback is over before entering the market.
5. For any coin, if it has fluctuated mildly for three consecutive days, observe for another three days; if there is no change, consider switching.
6. For any coin, if it fails to earn back the cost price of the previous day the next day, you should exit promptly.
7. 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 at a low; the fifth day is usually a good selling point.
8. Volume and price indicators are crucial; trading volume is regarded as the soul of the crypto world. When the price breaks out with increased volume at a low level, it needs attention; when there is stagnation at a high level with increased volume, you should exit decisively.
9. Only choose coins that are in an upward trend for operation, as this maximizes the odds and avoids wasting time. If the 3-day moving average turns upward, it indicates a short-term rise; if the 30-day moving average turns upward, it signifies a medium-term rise; if the 80-day moving average turns upward, it denotes a main upward wave; if the 120-day moving average turns upward, it indicates a long-term rise.
10. In the crypto world, small funds do not mean there are no opportunities. As long as you master the correct methods, maintain a rational mindset, strictly execute strategies, and patiently wait for opportunities, you can also achieve a wealth turnaround in this land full of opportunities. Remember, while the crypto world is good, the risks are also high; only by continuously learning, summarizing experiences, and constantly improving oneself can you go further!