New to cryptocurrency trading and want to get started quickly? Let me share some insights!
I have my own methods for trading cryptocurrencies. These rules are ingrained in my mind after years of contemplation. I've been trading for over ten years, starting with one million, but after three years, I was left with only one hundred thousand. At that time, friends and family advised me to stop, saying the risks were too high.
But I refused to give up, thinking I would take a gamble with that one hundred thousand. Unexpectedly, that one hundred thousand, combined with some savings later, allowed me to earn twenty million in three years! So, as long as you find a path that suits you and persist, you can definitely make a comeback!
Now, I’d like to share some of my trading insights. First, you need to observe the market's activity level; if the trading volume increases but the price doesn't drop, it might be about to rise; if the trading volume increases but the price remains stagnant, it could indicate a short-term peak.
The changes in trading volume during uptrends and downtrends are different. During an uptrend, the trading volume should continuously increase; if it suddenly decreases or a particularly large volume appears, the uptrend may be nearing its end. During a downtrend, if there’s a breakout with increased volume at key positions, the downtrend will likely continue.
You also need to keep an eye on important levels like resistance levels, support levels, and trend lines. When the price reaches these levels, you need to act quickly. I personally like to use the Fibonacci retracement to estimate these positions.
When observing the market, you should look at several time frames: a one-minute chart for entry and exit timing, a three-minute chart to observe fluctuations after entering, and a half-hour or one-hour chart to grasp the daily trend changes.
If you hit a stop loss, don’t rush to flip the trade. A stop loss indicates that the trade is over, and the next trade is a fresh start; don’t let previous actions confuse you.
Finally, I’ll teach you a simple and practical trick that even beginners can use to make money easily. This trick is: once you buy, the trading rules are set; you must strictly follow the rules to ensure steady profits. Remember, the key is to be persistent!
Bull market strategy layout, spot market ambush opportunities, contract entry points, uncovering false information, discovering the real market, welcome to join!
