After ten years of accumulation in the cryptocurrency space, I have summarized some experiences that I hope can help you avoid detours. When there is a sharp decline, if a coin does not drop, it is usually due to market makers protecting the price, and it is worth holding. For short-term trading, look at the 5-day moving average; sell if it breaks.
For medium-term trading, look at the 20-day moving average; exit if it drops below. If there is no fluctuation or if losses exceed 5% within three days of purchase, immediately cut losses.
Following the market trend is the key to success, and leading coins are the strongest and most stable. During a major upward trend, decisively enter when there is a strong volume increase, and reduce positions promptly when there is a strong volume decrease. Avoid emotional decision-making, control risks, and diversify investments to effectively reduce risk.
Continuous learning and optimizing trading strategies are the secrets to maintaining success. Find a rhythm that suits you, continuously review and summarize experiences, and optimize decision-making systems. Stay calm and patient, and move forward steadily; you too can achieve success in the cryptocurrency space.