Essential Cryptocurrency Trading Tips for Newcomers 🚀🚀
1. If any cryptocurrency rises for two consecutive days, be sure to reduce your position in a timely manner.
2. For strong cryptocurrencies, if it falls for nine consecutive days from a high position, be sure to follow up in a timely manner.
3. For strong and promising cryptocurrencies, be sure to wait until the pullback is over before entering the market.
4. If any cryptocurrency rises more than 7%, there is still a chance for further gains the next day, so you can continue to observe.
5. If any cryptocurrency fails to recover the previous day's cost the next day, you should exit in a timely manner.
6. If any cryptocurrency has three consecutive days of flat volatility, observe for another three days; if there is no change, consider switching.
7. Volume-price indicators are crucial; trading volume is considered the soul of the cryptocurrency market. When the price breaks out at a low consolidation point, it requires attention; if there is a high volume stagnation at a high point, you should decisively exit the market.
8. In the rising rankings, if there are three, there will be five; if there are five, there will be seven. For cryptocurrencies that have risen for two consecutive days, you should enter at a low point; the fifth day is usually a good selling point.
9. In the cryptocurrency market, small funds do not mean no opportunities; as long as you grasp the correct methods, maintain a rational mindset, strictly execute strategies, and patiently wait for opportunities to arise.
10. Only choose cryptocurrencies that are in an upward trend for trading; this maximizes your chances and won't waste your time. When the 3-day moving average turns up, it indicates a short-term rise; when the 30-day moving average turns up, it signifies a medium-term rise; when the 80-day moving average turns up, it indicates a major upward trend; and when the 120-day moving average turns up, it shows a long-term rise.
Additionally, I have recently noticed a potential cryptocurrency on the Ethereum chain called puppies, which may appreciate by 60% in the short term. By the end of the year, it is expected to become a potential currency that could surge by 20 to 50 times; interested friends can keep an eye on it.
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