There is a practical and reliable method for speculating in cryptocurrencies. It seems simple but hides a way to make money.
First select the target and pay attention to the currencies that have risen well in the past 11 days, but don't rush into the market. If a certain currency has fallen for more than three consecutive days, it is likely that people have been trapped and should be abandoned decisively.
Check the K-line chart and focus on the coins with a golden cross in the monthly MACD. These coins are like climbing a hill with strong momentum and sufficient stamina.
Then focus on the daily line, and the 60-day moving average is the key "ruler". If the price of the currency falls near this line and the trading volume increases sharply, it is a good opportunity to enter the market and buy decisively. At this time, this line is the bottom line of holding positions. As long as the price of the currency sticks to it, you can hold it with confidence. Once it falls below, don't hesitate and sell it immediately.
Investment should be planned, and stop in time after the band profit.
Sell part of it first when it rises by 30% to lock in profits, and sell some more when it reaches 50% to build a solid safety line.
If the price of the currency falls below the 60-day moving average the day after you buy it, you must not be lucky or reluctant to give up, and you must decisively clear your position. The lucky mentality is "investment poison" and must be abandoned.
The core of currency speculation is to protect the principal. Even if you sell it too early and miss the big rise, it doesn't matter. Opportunities are always there. In the final analysis, it is not difficult to make a profit, but it is not easy to strictly abide by the rules. For example, the iron rule of "selling all when the price of the currency falls below the 60-day moving average" is rarely practiced, but it must be used to restrain oneself, restrain greed, and operate steadily, so that you can go steady and far on the road of currency speculation.