Master these six strategies to make an eight-digit profit in the cryptocurrency circle

First, stop loss when bottom-fishing fails. Retail investors like to bottom-fish on the left side, but they will not stop loss after bottom-fishing fails and get stuck. If the bottom-fishing is buried, once the price falls below the starting point of the stage, even if it is wrong to sell, it must be sold to avoid greater losses.

Second, stop loss at key support level. In the rising market, the price rises to a high level and stops moving forward. In the densely stocked area, once it falls below the key support level, it is necessary to strictly stop loss.

Third, stop loss in the rising market. Continuously adding positions in the rising market is a winner's approach, but if the currency price falls below the previous high point and the lowest price of the first three K lines, it is necessary to consider stopping adding positions or stop loss.

Fourth, fixed stop loss. Transactions that cannot be lost or heavy positions must have fixed stop loss positions. If a single transaction loses 2% of the total position, it is necessary to consider stop loss.

Fifth, moving average stop loss. If the moving average support method is used to judge the market, if the price breaks through the key moving average, it is necessary to decisively stop loss when the breakthrough is confirmed.

Sixth, stop loss on the trend line. In the middle of an upward trend, if the closing price falls below the trend moving average for two consecutive days, you must decisively reduce your position and stop loss. If you hold on, when the price of the currency returns to the cost price, 80% of retail investors will sell at high prices.