The Wealth Code of Cryptocurrency Trading Experts: Core Strategies Revealed!
1. There Are Tricks in Currency Selection
When trading cryptocurrencies, focusing on strong currencies is a key step. The 60-day moving average can be an important reference indicator; if the currency price is above the 60-day moving average, consider buying or increasing your position at the right time; once the price drops below the line, withdraw decisively. This method has been proven effective in many trading scenarios.
2. Do Not Recklessly Chase Highs
For currencies that have increased by more than 50% in a short period, do not impulsively chase the price. Such currencies are likely to induce panic among investors in subsequent movements, presenting a high risk. In contrast, choosing to enter when prices are low not only keeps risks manageable but may also yield more substantial potential returns.
3. Insight into the Opportunity Before a Big Surge
Before a significant price surge, the market typically releases specific signals. For example, if the price fluctuation is within the range of 10% - 20%, while trading volume is decreasing, it may be wise to gradually build positions at relatively low prices. Following this rule often allows one to occupy a favorable position during subsequent large price increases.
4. Closely Follow Market Trends
When new market hotspots emerge, they are often accompanied by strong upward momentum. At this time, aligning trades with the direction of large capital flows and riding the “tailwind” of the hotspots can often lead to achieving profit targets more easily.
5. Stay Calm and Wait During a Bear Market
During a bear market, the overall market performance is weak; one must remain calm and restrained, avoiding frequent trading. Reduce trading frequency, patiently wait for the market to recover, and learn to recuperate in adversity; this is the steady path for cryptocurrency trading experts.
6. Review and Build Stability
Regularly review trading history on a weekly basis, focusing not on profit and loss, but on deeply examining the rationality of trading strategies. If the strategy is sound, stick to your original intention; if the strategy is flawed, correct and adjust it promptly. Through months of consistent review and summary, the trading journey will become increasingly stable, and wealth accumulation will follow naturally.
