Cryptocurrency Trading Tips
After learning this simplest method of trading cryptocurrencies, I can navigate the crypto world as if I have a cheat code, with a green light all the way, simply because I have firmly grasped the following 10 rules: 1. For strong coins that have dropped for 9 consecutive days at a high position, be sure to follow up in a timely manner.
2. For any cryptocurrency that has risen for two consecutive days, be sure to reduce your position in a timely manner.
3. For any cryptocurrency that has increased by more than 7%, there is still a chance of rising the next day, so you can continue to observe.
4. Always wait until the correction is over before entering strong bull coins.
5. If any cryptocurrency has had three consecutive days of flat fluctuations, observe for three more days; if there is no change, consider switching out.
6. If any cryptocurrency fails to recover the previous day's cost price the next day, it should be exited in a timely manner.
7. If there are three in the rising list, there will be five; if there are five, there will be seven. For cryptocurrencies that have risen for two consecutive days, enter at a dip; the fifth day is usually a good selling point.
8. Volume and price indicators are crucial; trading volume is the soul of the crypto world. When the price is in a low consolidation phase and there is a breakout with increased volume, it needs attention; if there is a volume stagnation at a high level, exit decisively.
9. Only choose cryptocurrencies that are in an upward trend for trading, as this maximizes the odds and saves time. A 3-day moving average turning upwards indicates short-term growth; a 30-day moving average turning upwards indicates medium-term growth; an 80-day moving average turning upwards indicates a major upward trend; a 120-day moving average turning upwards indicates long-term growth.
10. In the crypto world, small funds do not mean no opportunities. As long as you master the correct methods, maintain a rational mindset, strictly execute strategies, and patiently wait for opportunities, you can achieve a turnaround in wealth on this land full of opportunities. Remember, although the crypto world is good, the risks are also great; only by continuously learning, summarizing experiences, and constantly improving yourself can you go further!
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