The essence of short-term cryptocurrency trading:
① Look at the trend (whether the individual coin is in a long position, look at the weekly and monthly lines and then do the daily line, look at the long and do the short)
② Look at the sector (whether it has the concept of the current speculation theme, which can only be used as a reference, not a hard requirement)
③ Look at the position (the position of the individual coin is low, medium or high, which mainly determines the rising space of the individual coin)
④ Look at the technology (check whether MACD, KDJ and Bollinger Bands meet the technical requirements for rising, whether there are important reference forms such as secondary price support, immortal guidance, single yang unbroken, etc.)
⑤ Look at the volume (whether the rise is large, and whether the fall is shrinking)
⑥ Look at the details (check the overall trend of the recent K-line and whether the short-term multiple moving averages are in important forms such as adhesion and divergence)
⑦ Look at the mood (the good or bad market sentiment represents the mood of funds. Only with the drive of market sentiment can you have a more sufficient money-making effect)
Finally, the most important and difficult thing is to combine knowledge and action when doing short-term trading
