Eight-Year Veteran of Cryptocurrency Trading Reveals: Turning Point Relies on These Two Strategies

On New Year's Eve, I chatted for a while with a veteran who has been in the cryptocurrency trading scene for eight years. This guy started with a hundred thousand yuan and now supports himself entirely through cryptocurrency trading! He shared two hard truths that helped him turn his fortunes around—simple and direct. I believe they will be quite useful for all retail traders out there, so you should think them over carefully and ideally write them down.

The first point is that if your principal isn't up to a hundred thousand yet and you love short-term trading, you need to remember that short-term trading doesn't mean buying and selling every day. When you're feeling uncertain, don’t mess around; take a break! If you see altcoins are hot, focus on the leading players in the mainstream sectors and pounce on the opportunity. If the market is quiet, it's best to stay in cash and wait; don’t blindly follow the crowd.

The second point is that before a coin becomes hugely popular, there is often a period where the price fluctuates slightly, neither hot nor cold, and the trading volume shrinks tightly. At this time, set your average volume line to 135 days and see if the trading volume is hovering below that line during the fluctuations. This is a signal that the major players are quietly building up momentum and getting ready to act. But be careful, this tactic should be used when the coin price is low; once you encounter this situation, it’s likely to soar afterward.

I find these two pieces of advice truly practical, and I hope everyone can think them through carefully so you don’t regret missing out on significant market movements later!

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