I lost a lot of money in these markets, but with these steps I made it: I lost a lot of money in these markets, but with these steps I made it â ïž: I lost a lot of money in cryptocurrency đ°, but after a lot of struggle and learning, I was able to flip the coin and make incredible profits. Here are 8 golden rules that helped me build a cryptocurrency bank: đđŒ 1. Divide and win: Divide your money into 5 parts and invest only a fifth each time! Keep the leash tight with a stop loss of 10 pips. Mistakes are inevitable, but with this strategy, you will only risk 2% of your total money per trade. Set a profit stop of more than 10 pips to avoid falling into a bearish trap. đđ° 2. Follow the trend: Improve your win rate by following the trend! It may seem tempting to buy a bounce in a downtrend, but it is often better to wait for dips in an uptrend. đđ 3. Avoid short-term noise: Stay away from coins that have risen significantly in the short term. Whether conventional or imitation, few currencies sustain multiple waves of bullish trends. Don't bet on these volatile movements. đđ 4. MACD Indicators: Use the MACD to determine the timing of entry and exit points. A golden cross below the 0 axis indicates a flat entry, while a dead cross above the 0 axis indicates a reduction in positions. đđ 5. Avoid setbacks: âCovering positionsâ can cause large losses. Resist the temptation to double your bet when you lose; Instead, increase positions when it is profitable. Don't dig yourself into a deeper hole. đčđ 6. Monitor volume: Volume and price indicators are crucial. Pay attention to high volume breakouts at low consolidation levels and exit decisively when highs show stagnation.
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