Yesterday, I had a long conversation with a friend who has been trading cryptocurrencies for a long time. He has been trading for eight years, starting with 100,000 yuan, and now trading has become his full-time job!
He shared two super practical tips for turning things around, which are short yet powerful. I sincerely hope all retail investors can ponder these well and remember them.
The first tip is that if your principal is less than 100,000 yuan, and you are still thinking about short-term trading every day, you need to remember that short-term trading doesn’t mean you have to buy and sell every day. If you are unsure, don’t make any moves!
When altcoins are hot, focus on aggressively attacking the leaders of mainstream sectors. If there isn’t any sustained market trend, it’s best to stay in cash and wait; doing nothing is the best strategy.
The second tip is that before a coin rises significantly, it often tests your patience first. The price fluctuates between -3% and 8%, with small ups and downs, and the trading volume is still shrinking.
At this point, adjust your average volume line to 135 days and see if the trading volume is below the average volume line during its fluctuations. Don’t act impulsively at this time.
This is a signal that the big players are secretly preparing a big move, but remember, this method should be used when the coin price is low. Encountering this situation means it is likely to take off soon.
Opportunities are about to come. In the next strategic layout, I will guide everyone to aim for the highly profitable opportunities in altcoins, with an expected space of more than 10 times being no problem. Like and comment, and I will take you to layout the entire bull market together!
