Want to turn a few thousand into tens of millions by trading cryptocurrencies? Let me give you some tips, but remember, this is not a joke, you have to study hard!
First, when you see those cryptocurrencies that are soaring, if they start to drop from a high point and continue to drop for 9 days, you better keep your eyes wide open and follow the trend, who knows an opportunity might arise.
On the other hand, if a cryptocurrency has been rising for two consecutive days, don't rejoice too early, it's better to reduce your position quickly, steady investment is the way to go.
There’s also a rule: if a cryptocurrency surges more than 7% in one day, it is likely to continue rising the next day, at this time, you can wait a bit before selling, just observe.
For those truly strong cryptocurrencies, don't rush to make a quick profit, it’s better to wait for a correction and stabilization before getting on board.
If a cryptocurrency has been stagnant for several days, you can wait three more days to see if there’s still no movement, then consider switching to something else, don’t hang yourself on one tree.
If the cryptocurrency you bought today can't even recover yesterday's cost tomorrow, don’t hesitate, quickly withdraw, don’t get attached to the battle.
There’s a trading mantra: "If there are three on the rise, there will be five, and if there are five, there will be seven," meaning that for cryptocurrencies that have risen for two consecutive days, you can look for a low point to buy in, generally, the fifth day is a good selling point, remember to seize the opportunity.
Trading volume is a vital indicator in cryptocurrency trading, it needs to be studied well. If the price breaks out with volume at a low level, it might be ready to soar; if it’s at a high level but can't rise with volume, you better run, don’t hesitate.
You should follow the trend in cryptocurrency trading, only cryptocurrencies in an upward trend are worth your time. Look at the 3-day line for short-term, the 30-day line for medium-term, and the 120-day line for long-term; if these lines turn upwards, it’s a signal of rising.
Recently, I plan to lay low with a potential cryptocurrency that is ready to explode, doubling is quite simple, and I also plan to find some potential coins to hold until the end of the year, expecting more than ten times the return is not a problem, spots are limited! Want to join in? Like + leave a message.
