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There is a very foolish method that has an almost 100% profit rate! I earned 2 million using this trick in Cryptocurrency Trading!
1. When the market crashes, if your coin only slightly drops, it indicates that there are market makers protecting the price, preventing it from falling. Such coins can be held with peace of mind, and there will surely be rewards in the future.
2. For beginners in Cryptocurrency Trading, there is a simple and direct method: for short-term trading, look at the 5-day line; as long as the coin price is above the 5-day line, hold it, and sell once it drops below. For medium-term trading, look at the 20-day line; if the coin price is above the 20-day line, hold it, and exit if it drops below. The method that suits you best is the one that works, and the key is to stick to it.
3. If the main upward wave of the coin price has formed and there is no obvious increase in volume, then decisively buy in. Continue to hold during a volume increase, and hold even if there is a volume decrease but the trend is not broken; if there is a volume decrease and the trend is broken, then quickly reduce your position.
4. After short-term buying, if the coin price does not change within three days, sell if you can. If the coin price drops after buying and the loss reaches 5%, stop loss unconditionally.
5. If a coin has fallen 50% from a high position and has continued to decline for 8 days, it indicates that it has entered an oversold state, and a rebound may occur at any time, so it can be considered to follow up.
6. When trading cryptocurrencies, choose leading coins because they rise the most during bullish trends and are the most resilient during downturns. Don't buy just because the coin price has dropped significantly, and don't refrain from buying just because it has risen a lot. When trading leading coins, the most important thing is to buy at high positions and sell at even higher positions.
7. Trade in accordance with the trend; the lower the buying price is not necessarily better, but the more appropriate it is, the better. Do not easily call the bottom during a downturn, and give up those coins that are performing poorly. The trend is what matters most.
8. Don't be impulsive because of temporary profits; understand that sustaining gains is the most difficult. You should seriously review your trades and see if your profits are due to luck or skill. Establishing a stable trading system that suits you is the key to sustained gains.
9. Do not force trades without sufficient confidence. Staying in cash is also a strategy; learning to stay in cash is important. The first consideration in trading should be preserving capital, not making profits. In trading, it's not about frequency but about success rate.
The Way of the Cryptocurrency World: A single tree cannot form a boat, and a solitary sail cannot travel far! Blindly going solo will never bring opportunities. Feel free to discuss at any time, let's seize the big opportunities together!