Trading cryptocurrencies is not complicated. As long as you master some basic skills, you can find your opportunities in the crypto space. Here are some of my personal experiences:
Strong operation principle: If a strong cryptocurrency has a continuous pullback for 9 days at a high position, do not miss the opportunity to follow up.
Reduce positions on cryptocurrencies with rapid gains:
If any cryptocurrency shows rapid gains for two consecutive days, timely reduction of positions is a necessary strategy.
Observe cryptocurrencies with over 7% gain: Cryptocurrencies that rise more than 7% may continue to rise the next day, so it is advisable to observe them.
Strong pullback strategy: For strong bull market cryptocurrencies, the best choice is to enter after the pullback ends.
Handling stable fluctuations: If a cryptocurrency has stable fluctuations for three consecutive days, observe for three more days, and if there is no change, consider adjusting the cryptocurrency.
Stop-loss strategy: If you cannot recover the previous day's cost price the next day, you should exit early to prevent further losses.
Utilizing gain ranking patterns: If a cryptocurrency on the gain ranking list rises for two consecutive days, it usually continues to rise. Enter when it dips; the fifth day may be a selling signal.
Importance of volume-price matching: Changes in trading volume are the soul of the crypto space. A breakout with increased volume at a low position is worth paying attention to, while increased volume at a high position with stagnation requires decisive exit.
Trend selection for cryptocurrencies to increase success rate: Choose cryptocurrencies that are in an upward trend for trading. The 3-day, 30-day, and 80-day lines represent different upward signals.
Small capital operations can also be profitable: Even with a small amount of capital, as long as the strategy is appropriate and the mindset is stable, it is still possible to achieve profits in the crypto space.
Recently preparing to lay out a cryptocurrency that will increase 3 to 5 times, comment 299 to get on board directly!
