Having learned my clumsiest cryptocurrency trading method, I can now navigate the crypto world like I'm on autopilot, with a green light all the way, simply because I have firmly grasped the following 10 rules.
1. As long as a strong coin has dropped for 9 consecutive days at a high position, be sure to follow up promptly.
2. If any coin has risen for two consecutive days, be sure to reduce your holdings in a timely manner.
3. If any coin has surged more than 7%, there is still a chance for further highs the next day, so you can continue to observe.
4. For strong bullish coins, be sure to wait until the correction is over before entering.
5. If any coin has been stagnant for three consecutive days, observe for another three days; if there is no change, consider switching to another coin.
6. If any coin fails to recover the previous day's cost price the next day, you should exit promptly.
7. There are three on the rise list, there must be five; if there are five, there must be seven. For coins that have risen for two consecutive days, buy on dips, as 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 coin price breaks out on increased volume at a low level, it requires attention; when there is a volume surge in a high position but the price stagnates, you should decisively exit.
9. Only operate on coins that are in an upward trend, as this maximizes your chances and won't waste your time. An upward turn in the 3-day line indicates a short-term rise; an upward turn in the 30-day line indicates a medium-term rise; an upward turn in the 80-day line signifies a main upward trend; an upward turn in the 120-day moving average indicates a long-term rise.
10. In the crypto world, 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, you can also achieve a turnaround in wealth on this land full of opportunities. Remember, while the crypto world is good, the risks are also great; only by continuously learning, summarizing experiences, and improving can you succeed.