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Learned my dumbest Cryptocurrency Trading method, since then in the crypto world, it's like cheating, all the way green lights, just because I firmly grasp the following 10 rules
1. As long as the strong currency falls for 9 consecutive days after reaching a high point, it is necessary to follow up in time.
2. If any cryptocurrency has risen for two consecutive days, be sure to reduce your position in time.
3. As long as any cryptocurrency rises by more than 7%, there is still a chance of further highs the next day, so you can continue to watch.
4. It is necessary to wait until the pullback is over before entering the market for a strong bull coin.
5. If any cryptocurrency remains stable for three consecutive days, observe for another three days. If there is no change, consider switching to n.
6. If any currency fails to earn back the previous day's cost the next day, it should be exited promptly.
7. On the list of gainers, if there are three, there must be five; if there are five, there must be seven. When a currency has risen for two consecutive days, it is a good time to buy on dips, and the fifth day is usually a good selling point.
8. Volume and price indicators are crucial, and trading volume can be described as the soul of the crypto world. When the coin price breaks through on high volume at the low end of consolidation, attention should be paid; when there is stagnant trading volume at the high end, exiting promptly is necessary.
9. Only choose currencies that are in an uptrend for operation. This maximizes the chances of success and saves time. When the 3-day moving average turns upwards, it indicates a short-term uptrend; when the 30-day moving average turns upwards, it means a medium-term uptrend; when the 80-day moving average turns upwards, it signifies a primary uptrend; when the 120-day moving average + turns upwards, it is a long-term uptrend.
In the crypto world, having a small amount of capital does not mean there is no opportunity. As long as you master the right methods, maintain a rational mindset, strictly follow the strategy, and patiently wait for the opportunity to come.
You can also achieve a wealth counterattack in this land full of opportunities. Remember, the crypto world, although good, also carries great risks. Only by continuously learning, summarizing experiences, and constantly improving yourself can you go further!