National Day Adventure! An old high school classmate reveals the secrets of A9-level cryptocurrency trading, and the 5-day moving average helps you achieve wealth freedom!
During this National Day holiday, I had the honor of returning to my hometown and reuniting with an old high school classmate who I had not seen for a long time. After a long chat, I was surprised to learn that he has been a veteran in cryptocurrency trading for many years. With an A9-level account and a unique 5-day moving average operation method, he has made a name for himself in the cryptocurrency circle. I tried it several times myself and found that this method is indeed simple and efficient, so I decided to share this valuable experience with everyone who is destined to know me.
5-day moving average cryptocurrency trading secrets, three steps to help you master the essence!
Step 1: Insight into the 5-day moving average trend
The 5-day moving average is like a "weather vane" in the market. Its direction directly indicates the rise and fall trend of the currency price. When the 5-day moving average is headed upward, forming a clear upward channel, this is a sign of "bulls", indicating that the currency price is about to rise.
Step 2: Follow the 5-day moving average to arrange transactions
In short-term trading and swing trading, the 5-day moving average is known as the "lifeline". If the price of the currency moves above this line, it is a signal of steady holding; once it falls below, you need to be alert to the weakening of the market and consider reducing your position to avoid risks. Position management is particularly important at this moment. Do not blindly increase or decrease your position to avoid rising costs and missed opportunities.
Step 3: Accurately grasp the buying and selling opportunities
When the price of the currency has experienced a sharp drop, if the big negative line touches the 5-day moving average but does not fall below it, this is an excellent buying opportunity, indicating that a rebound is imminent. When the 5-day moving average turns from falling to flat, gradually rises, forms a "bullish" trend, and the trading volume is significantly enlarged, it is a golden window for buying. However, if the price of the currency is far away from the 5-day moving average and the increase is too large, you need to be alert to the risk of callbacks and reduce your position or take profits in time.
On the contrary, if the price of the currency falls below the 5-day moving average and lingers near the moving average, you should stop the loss in time to avoid being stuck in the quagmire.
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Recently, I plan to ambush a potential coin that is ready to explode. It is still very easy to double it. At the same time, I am also preparing to find some potential coins to get by the end of the year. It is no problem to expect more than 10 times the space. If you want to keep up, pay attention and share for free.
