Details You Must Know About Trading Cryptocurrencies

Trading in the cryptocurrency market is like a game of strategy, where mastering the rules and timing is crucial. When a strong cryptocurrency experiences a continuous decline for 9 days at a high position, it is necessary to decisively adjust strategies, whereas cryptocurrencies that have risen for two consecutive days should be reduced in position to lock in profits.

If a cryptocurrency rises more than 7% in a single day, there is often an opportunity for further gains the next day, allowing for continued observation. However, for strong cryptocurrencies, it is essential to wait until the correction is over before entering again to reduce risk.

When a cryptocurrency fluctuates calmly for three consecutive days, it is advisable to observe for another three days; if no significant changes occur, consider switching positions. If the next day cannot make up for the previous day's cost price, it is necessary to exit decisively to avoid being stuck in a deep loss. Additionally, there are patterns to be found in the gainers list; cryptocurrencies that have risen for three days may continue to do so until the fifth day, which is typically a good selling point.

Trading volume is the soul of the cryptocurrency market. When the price stabilizes at a low level and then breaks out with increased volume, it is important to pay close attention; if there is a surge in volume at a high position with stagnation, the best strategy is to exit decisively. In trading, selecting only those cryptocurrencies with an upward trend is key to increasing winning chances.

For short-term rises, look for the 3-day moving average turning upwards; for medium-term rises, observe the 30-day moving average; for major upward trends, check the 80-day moving average; while long-term opportunities are typically confirmed by the upward turning of the 120-day moving average.

In summary, trading in the cryptocurrency market emphasizes strategy and execution. Following the trend and combining volume and price allow one to seize opportunities amid volatility and move forward steadily. If you enjoy contracts, like studying charts, and researching techniques, click on my avatar. With years of experience and skills in the cryptocurrency space, I share them freely. I am waiting for you in the community, always online, welcome to discuss and improve together $ETH $BTC $SOL