Does the cryptocurrency world really have a rule for making money forever? Here are some reference strategies:
1. Pay attention to pullbacks of strong coins
For strong coins, if it has continuously fallen for nine days from a high position, you must seize the opportunity to follow up.
2. Grasp the opportunity to reduce positions during bullish trends
Regardless of the type of coin, as long as it has risen for two consecutive days, you should promptly reduce your position.
3. Observe the continuation of the surge
If a coin rises more than 7% in one day, it is very likely to surge again the next day; at this time, you can continue to observe its trend.
4. Choose the timing to enter (strong bull coins)
For strong bull coins, it is best to enter after the pullback has ended.
5. Respond to coins with flat volatility
If any coin has shown flat volatility for three consecutive days, observe for another three days. If there is still no change, consider switching coins.
6. Control costs and stop losses
If a coin cannot recover the cost from the previous day the next day, you should exit immediately.
7. Pay attention to the rules of the gain leaderboard and choose selling points
- On the gain leaderboard, three days of rising is likely to lead to five days, and five days of rising may lead to seven days.
For coins that have risen for two consecutive days, you can enter when the price is low; generally, the fifth day is a good selling opportunity.
8. Value volume-price indicators
Volume-price indicators are very important in the cryptocurrency world; trading volume is like the soul of the cryptocurrency market. When the price of a coin breaks through after consolidating at a low level with increased volume, pay close attention; if it increases volume at a high level but cannot rise, exit decisively.
9. Select coins in an upward trend
- Only operate on coins that are in an upward trend, as this maximizes the likelihood of success and saves time.
If the 3-day moving average turns upward, it indicates a short-term rise; if the 30-day moving average turns upward, it represents a medium-term rise; if the 80-day moving average turns upward, it indicates a major upward trend; if the 120-day moving average turns upward, that indicates a long-term rise.
10. Opportunities for small funds
- In the cryptocurrency world, small funds also have opportunities.
As long as there are correct operating methods, a rational mindset, strict execution of strategies, and patience in waiting for opportunities, wealth growth can also be achieved in the cryptocurrency world.
