Eight rules to help you navigate the sea of coins and become one of the elites in the coin circle!
After going through the ups and downs of the coin circle, I have carefully extracted eight winning rules, and I am willing to help you navigate in the ocean of digital currency. If you despise these wisdoms, you will have time to verify their value.
1. Fund diversification strategy, steady progress!
Divide your capital wisely into several parts, each of which fights independently and invests only a small part. In this way, even if you encounter several mistakes, the overall loss will be kept to a minimum, and once you catch the opportunity, the return will be extremely rich.
2. Follow the trend and ride the wind and waves!
In the coin circle, insight into the trend is crucial. Avoid going against the trend in the falling wave, which is a futile struggle; instead, seize every callback opportunity in the rising trend, which is the accelerator of wealth.
3. Be wary of the temptation of skyrocketing, and be prudent!
In the face of short-term soaring currencies, stay calm and rational. Although they are tempting, they are often accompanied by high risks. Don't be blinded by the superficial prosperity.
4. MACD strategy, precise navigation!
MACD, a powerful tool for technical analysis, is also applicable in the currency circle. When DIF and DEA intertwine under the 0 axis and then break through, it is the horn of entry; on the contrary, if a dead cross is formed on the 0 axis and it declines, it is a reminder to reduce positions.
5. Increase positions with profits, and refuse to cover positions trap!
Covering positions may seem to be a remedy, but in fact it may fall into a deeper quagmire. The wise move is to gradually increase positions on the basis of profits, let profits run, rather than struggle in losses.
6. Trading volume is king, the pulse of the market!
Trading volume is the barometer of the currency circle. A breakthrough with low volume means that funds are pouring in, which is a good opportunity to buy; a high volume of stagnation is a warning of risk and should be withdrawn in time.
7. Focus on the upward trend and grasp the victory!
In the currency circle, the upward trend is a hotbed of wealth. Pay attention to the moving averages of different time periods. For example, the 3-day line indicates a short-term positive trend, the 30-day line reflects the medium-term trend, and the 84-day line and the 120-day line are the vanes of long-term rise.
8. Regular review and wisdom upgrade!
The currency circle is ever-changing. Only by continuous learning, reflection and summary can we be invincible. Weekly review is a refinement of past experience and a planning for future layout.
If you are curious about the currency circle but don't know where to start?Follow me to explore the hundredfold potential of coins and unlock the future mysteries of the cryptocurrency world.