There is a very foolish way to trade cryptocurrencies that almost guarantees profit. This method is actually very simple, with just 4 steps: from selecting coins, buying, managing positions, to selling, every detail will be explained clearly to you!
Step 1: Open the daily chart and only look at daily levels, focusing on cryptocurrencies with a MACD golden cross, preferably a golden cross above the zero line, as this has the best effect!
Step 2: Switch to the daily level and only look at one moving average, called the daily moving average. Buy when above the line, sell when below.
Step 3: After buying, if the coin price breaks through the daily moving average and the volume is also above the daily moving average, buy in full. For the fourth step of selling, this is divided into three details. The first is when the wave increase exceeds 40%, sell 1/3 of your total position. The second is when the overall wave increase exceeds 80%, sell another 1/3, and if it breaks below the daily moving average, sell everything.
Step 4 is also the most important step. Since we are using the daily moving average as our buying basis, if an unexpected situation occurs the next day and it breaks below, then you must sell everything; do not hold onto unrealistic hopes! Although the probability of breaking below using our coin selection method is very small, we still need to be aware of the risks! After selling, wait for it to rise above the daily moving average again before buying back!