Trading cryptocurrencies for ten years, I have experienced three years of losses, but I have also enjoyed seven years of profits. Now I rely on it to support my family. Throughout this journey, I have summarized six concise and practical experiences.
First, focus on strong cryptocurrencies. When trading, you should pay attention to the cryptocurrencies that perform strongly. If uncertain, you can observe the 60-day moving average; enter the market or increase your position when above the line, and withdraw promptly when below the line. This method is effective in most cases.
Second, avoid blindly chasing highs. When the price of a cryptocurrency rises more than 50% in one go, do not rush to follow, to avoid panic. Buying at low levels is more secure, with less risk, and often with greater profit potential.
Furthermore, identify signs of upward trends. Before a significant rise, prices often fluctuate within a small range of 10% to 20%, and the trading volume is relatively small. At this time, you can gradually build your position at lower prices, which often allows you to ride the upward wave.
In addition, seize new hotspots. When the market presents new hotspots, it is usually very active at the beginning. Following the steps of large funds to enter the market in a timely manner often leads to easy profits.
At the same time, stay calm during bear markets. When a bear market arrives, you should steady your hands and reduce operations for at least six months. During unfavorable market conditions, learning to rest is the way of a trading expert.
Finally, let’s talk about the theme of Elon Musk's little dog puppies. The Ethereum chain holding address has surpassed 14,600 people, with a market value of just over 10 million. The concept of Musk's big dog should be worth at least 10 billion! Now is the time to ambush with 29,036,907,988 and 78,780,904,544,261,490,657,402,783,126,425,772,682,630,901,178,537,410,46.