Trading cryptocurrencies is not complicated; as long as you master some basic skills, you can find your opportunities in the crypto world. Here are some of my personal experiences:
Strong operation principle: If a strong cryptocurrency has a continuous 9-day pullback at a high position, do not miss the opportunity to follow up.
Reduce positions for excessively rapid increases:
Any cryptocurrency that has increased too quickly for two consecutive days should be appropriately reduced.
Observe cryptocurrencies that exceed 7%: Cryptocurrencies that rise more than 7% may continue to rise the next day, so it is appropriate to observe them. Strategy for pullbacks of strong cryptocurrencies: For strong bullish cryptocurrencies, the best choice is to enter after the pullback ends.
Handling of stable fluctuation cryptocurrencies: If a cryptocurrency fluctuates stably for three consecutive days, observe for another three days; if there is no change, consider adjusting the cryptocurrency.
Stop-loss strategy: If the next day does not regain the previous day's cost price, exit early to prevent further losses.
Utilizing the rules of the rise ranking: If cryptocurrencies on the rise ranking increase for two consecutive days, they usually continue to rise; enter at a low point, and the fifth day may be a sell signal.
The importance of volume-price coordination: Changes in trading volume are the soul of the crypto world; a breakthrough in volume at a low position is worth paying attention to, while a high position with volume stagnation should be decisively exited.
Trend selection of cryptocurrencies to increase success rate: Choose cryptocurrencies in an upward trend for operations; the 3-day line, 30-day line, and 80-day line represent different upward signals.
Small capital operations can also yield profits: Even with limited capital, as long as the strategy is appropriate and the mindset is stable, profits can still be achieved in the crypto world.
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