A Must-Read for New Crypto Traders! If you want to get started quickly, here’s the essential information you need!
I’m quite experienced in trading cryptocurrencies, with nine years of practical experience that has taught me a lot. When I first started, I entered the market with 1 million, and after three years, I lost it down to just 100,000. At that time, relatives and friends advised me to quit, saying this thing is very risky, but I was unwilling to give up and decided to take one last gamble with the remaining 100,000.
Guess what? With this 100,000, plus the 20,000 I had left before, I actually made 20 million over the next three years! So, when it comes to trading cryptocurrencies, the key is to find the right method and to stick with it.
Now, let me share my insights on trading cryptocurrencies. First, you need to keep an eye on market sentiment; if the trading volume is high but the price hasn’t dropped, it might be about to rebound; if the trading volume is high but the price isn’t moving up, it might be the end of a short-term rise. The changes in trading volume during price increases and decreases are different, so you must observe carefully.
Additionally, remember a few important levels, such as resistance and support levels. When these levels are reached, you need to act quickly. I personally like to use Fibonacci retracement to predict these key points. When looking at the market, you should have several time frames: a 1-minute chart to find entry and exit points, a 3-minute chart to observe fluctuations after entering, and a half-hour or one-hour chart to see the daily trend.
If you need to cut losses, don’t rush to recover. Cutting losses means that this trade is over; you need to let go of the past and start anew. Remember, in cryptocurrency trading, your mindset is very important.
I’ll teach you a simple yet practical trick. Once you make a purchase, the rules for buying and selling are set in stone, and you must strictly follow them. Don’t have one idea today and another tomorrow; that will surely prevent you from making money. Remember, the key is to be able to persist! As long as you consistently execute your strategy, you too can succeed in trading cryptocurrencies!
Prepare in advance to invest in potential coins, like and comment, keep up with my rhythm, and make a fortune in this bull market!