Cryptocurrency Strategies 💥
I have been trading cryptocurrencies for ten years. In the past, I used to feel scared whenever I heard about Bitcoin BTC, but now, trading has become my way of making a living. Over these ten years, I have encountered many pitfalls but also gathered a lot of insights that I would like to share with everyone, hoping to help you avoid some detours.
When the market is hot, cryptocurrency prices soar rapidly, and during this time, you must boldly increase your positions, just like driving on the highway; if the road is good, you need to step on the gas and let your money generate more money.
Before trading cryptocurrencies, you need to find a support point, just like finding a solid foundation when building a house. If you are doing short-term trading, the ten-day moving average is a good reference. If the line breaks and doesn’t come back, you need to withdraw quickly without hesitation.
Sometimes, when the price of a cryptocurrency drops to a low point, the trading volume may increase, but the price doesn’t rise much. If the price pulls back and doesn’t break that platform, you need to keep your eyes wide open; this is often a good buying opportunity.
Why? Because it is very likely that the main players are secretly accumulating, and the price pullback is their signal for completing their purchases, so you can follow their lead.
If you find yourself trapped, don’t keep fixating on how much you spent to buy it. When the price rebounds, you need to seize the opportunity to sell, and buy back when the price drops again. Don’t stubbornly hold onto the original price; that way, you might miss out on opportunities.
When trading cryptocurrencies, focus on those that are likely to surge. Although they may be volatile, they often continue to rise after a pullback. If you see a cryptocurrency frequently experiencing large increases, and the pullback doesn’t exceed 30%, don’t hesitate; get on board quickly, as there may be significant market movements ahead.
Finally, trading cryptocurrencies requires discipline. As long as the cryptocurrency you believe in doesn’t break key levels, you need to have the patience to wait. Don’t chase after other cryptocurrencies that are rising quickly, leading to a situation where you sell your holdings before they have even increased, which can result in significant losses.
In the upcoming layout direction, I will guide everyone to target the lucrative opportunities in altcoins, especially those with high potential projects, where an expected growth of over ten times is not a problem. If you want to make big money in a bull market, like + leave a message, and I will help you layout the entire bull market.
