In the field of cryptocurrency trading, I started as a grassroots investor with 5,000 yuan and turned into a middle-class investor with 5 million yuan! I have to tell you about the tricks here.
First of all, you have to learn how to manage money and don't throw it all in. I divided the money into five parts and only took one part to trade each time, so the risk is much smaller. And I also set a rule for myself to withdraw when I lose 10%. In this way, even if I make a mistake five times in a row, I will only lose 10%. But if I make a profit, I will make more than 10%, so I am not afraid even if I get stuck.
You have to follow the trend when trading cryptocurrencies. When it falls, don't always think about buying at the bottom, that's a trap. When it rises, the callback is an opportunity, and buying at a low price is much safer than buying at the bottom.
It is also very important to choose the currency. Those that soar in the short term, whether they are mainstream or copycat, must be kept away. They rise too fast and then lose their strength. Once they fall, they can't be stopped.
Speaking of technology, the MACD indicator is very useful. The DIF line and the DEA line cross below the 0 axis and then break through the 0 axis. This is a good time to buy. On the other hand, if they cross above the 0 axis and go down, it means you need to reduce your position.
Don't blindly cover your position, this is a taboo! Cover when you lose, the more you cover, the more you lose, and in the end you may even lose your pants. Remember, don't cover when you lose, only add positions when you make money.
Trading volume is also the key. If the price of the currency breaks through at a low level, then the opportunity has come.
Also, follow the trend to win. Look at the daily line, the 30-day line, the 84-day line, and the 120-day line. When they turn up, you will know what to do.
Finally, it is most important to choose the right trend currency! Just like the Musk puppy Puppies coin that I ambushed, there are tens of thousands of people holding coins on the Ethereum chain. Short-term profits can be 30%-60%, and long-term profits are even more incredible, 10-30 times are possible!
There are risks and opportunities in the cryptocurrency industry. The key is to be able to plan, see trends, and choose coins. Only in this way can you, like me, rise from a grassroots to the middle class!
As a senior cryptocurrency investor, I share my experience and insights for free. Are you interested in the cryptocurrency industry but don't know where to start? Click on the avatar to see the introduction of the cryptocurrency industry and witness the moment of miracle together. $SOL $BNB $XRP #AI与GameFi市场表现 #比特币打破感恩节魔咒 #币安BNSOL质押PYTH #山寨币走势展望