Are you still losing money in cryptocurrency trading? 7 practical skills to ensure that you will make a steady profit!
1. A sharp drop is a touchstone for testing high-quality coins. If the market falls, the coin you bought falls slightly and moves independently. It is obvious that there are dealers protecting the market, so you can hold this kind of coin with confidence and you will definitely gain something.
2. If a novice does not know how to buy and sell, the simplest and most direct method is to hold on the 5-day line in the short term and sell when it breaks the 5-day line. Hold the coin on the 20-day line in the medium term and sell it when it breaks the 20-day line. There are many methods, and the one that suits you is the best. The difficulty of trading is not that there is no method, but the execution. If you insist on repeating a method without thinking, more than 90% of people will have no problem.
3. Once the main rising wave is formed and there is no obvious increase in volume, intervene decisively. Hold the coin when the volume rises. Hold the coin when the volume falls but the trend is not broken. Reduce the position quickly when the volume falls and the trend is broken.
4. If there is no fluctuation in the short-term purchase for three days, sell it if you can. If it does not rise but falls after buying, stop loss unconditionally at a loss of 5%.
5. If a coin falls 50% from a high position and falls for 8 consecutive days, it has entered the oversold channel, and the oversold rebound is imminent, so you can follow up.
6. Embrace the trend and follow the trend. The purchase price is not the lower the better, but the more appropriate the better. You will not gain an advantage because the purchase price is cheap, because the decline has no bottom. Give up junk coins and the trend is king.
7. Don't trade for the sake of trading. What does it mean? When you are not sure enough that this transaction can make a profit, don't force to open a position. Short positions are a science. Those who can buy are apprentices, those who can sell are masters, and those who can short positions are ancestors. The first consideration of trading is not profit, but capital preservation. Trading is not about frequency but success rate!
The market plummeted early this morning, and 300,000 people worldwide were liquidated, and the amount of liquidation reached $883 million. Will you be one of these 300,000 people?
Last night, I arranged a short order for my fans. When everyone woke up this morning, they found that their positions were gone. It turned out that they had stopped making profits😂😂
Friends who are currently confused about making orders, leave a message 111 to help you get out of the water!!
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