The currency circle has always been imitated and never surpassed!
1. When trading cryptocurrencies, choosing strong currencies is the key. If you are not sure how to judge the strength of a currency, you can use the 60-day moving average as a dividing line. When the currency price breaks through the 60-day moving average and stabilizes, you can consider entering or adding positions; when the currency price falls below the 60-day moving average, you should leave the market. Strictly implement this strategy and it is applicable to most currencies!
2. For currencies that have risen by more than 50% in a row, it is best to avoid them. In this case, a slight fluctuation in the price of the currency will make it difficult for people to hold it, but will increase anxiety. In contrast, low-level currencies have greater advantages and higher cost-effectiveness. First, the risk can be better controlled, and secondly, the room for growth is larger and the chance of success is higher.
3. There are usually obvious characteristics before the main rising wave is formed, and there will often be a small fluctuation of -10% to 20%. When the currency price is at a relatively low level, you can actively participate in batches, and there will be a wave of market conditions in nine out of ten cases.
4. When a new concept sector opportunity appears in the market, there is usually 3-5 days of room for growth. Grasp this rule, and you can easily catch the ride of the main force!
5. When the bear market comes, keep short positions for at least half a year. When the market is not good, reduce operations. Those who know how to buy are just beginners, those who know how to sell are masters, and those who know how to take a short break are real experts!
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