From Confusion to Stable Profit: My Cryptocurrency Trading Insights
I have always believed that dignity only exists above the price high, and truth lies within reliable data and analysis. I have also been confused, often panicking when reaching a peak, wondering whether to exit or continue chasing. This dilemma has made each trade less calm. However, over time, I gradually found a simple and stable method that continues to bring me consistent profits. You don't need to worry about not being able to learn it; if I can learn it, so can you.
First, select potential cryptocurrencies. We can shortlist those that have an upward trend within 10 days and exclude those that have shown a significant decline in the past three to four days. The purpose of this is to filter out coins that have both an upward trend and no obvious short-term risks, preventing the selection of those that have entered a correction phase, thereby increasing the success rate of subsequent operations and reducing risks.
Secondly, utilize candlestick charts and only select coins that show a MACD golden cross on the monthly chart. This is to ensure that the selected coins have strong upward momentum in the long-term trend, as a MACD golden cross usually indicates the beginning of a new upward trend, which can further enhance the accuracy of the selection.
Finally, check the daily candlestick charts, focusing on the 60-day moving average. When the price pulls back near the 60-day moving average and a volume candlestick appears, enter with a heavy position. The purpose of this is not only to buy at a relatively low position but also to increase the likelihood of an upward movement. After entering, use the 60-day moving average as a standard; if the price is above it, continue to hold. If the increase exceeds 25%, sell one-third; if it exceeds 50%, sell another one-third;
When the price is below the 60-day moving average, exit immediately and do not hold onto a sense of hope; protecting your capital is the most important thing at the moment.
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