Monthly Golden Cross + 60-Day Moving Average! A Simple Method to Teach You Steady Profits in the Crypto Space
In the crypto space, making money is not actually complicated; the key lies in execution and risk management. Today, I’m sharing a seemingly clumsy yet profitable method for trading cryptocurrencies. As long as you can strictly execute it, long-term profitability is not difficult!
Operation Method:
Step 1: Filter Potential Coins
From the recent 11-day gainers list, select outstanding coins to add to your watchlist. However, be careful to exclude any coins with a record of falling for three consecutive days or more, as this usually means that funds have significantly profited and fled.
Step 2: Lock in Monthly MACD Golden Cross
Open the candlestick chart and filter for coins with a monthly MACD golden cross. These coins typically indicate that the trend has strengthened and have significant upside potential.
Step 3: Pay Attention to the 60-Day Moving Average Support Level
Switch to the daily chart and only observe the 60-day moving average. When the coin price pulls back near the 60-day moving average and there is a strong bullish candle, enter with a heavy position.
Step 4: Clearly Define Profit-Taking and Stop-Loss Rules
When the swing increase exceeds 30%, sell one-third of your position to lock in some profits. If the increase reaches 50%, sell another one-third to further reduce risk. If after buying, the coin price unexpectedly falls below the 60-day moving average the next day, you must immediately liquidate your position and exit without hesitation. Although this situation is rare, if it occurs, decisive action is required.
Special Reminder:
Even after selling, you can wait for the coin price to meet your buying criteria again to re-enter; do not act emotionally. The market is unpredictable; trading cryptocurrencies is not just a battle against the market but also a struggle against human nature. Risks that seem obvious may hide opportunities; while seemingly enticing opportunities may be cleverly designed traps. Stay calm and adapt to changes to survive in the crypto space long-term.
Core of Success: Execution!
Ultimately, the difficulty in making money lies not in the methods but in execution. For example, when the coin price falls below the 60-day moving average, 90% of people hesitate or gamble, preventing them from exiting. It is this critical action that determines your profits and losses.
In the crypto space, if you do not have a good circle or first-hand news, I suggest you follow me, find me, and let me help you profit without cost. Welcome to join the team!!!
