If you truly want to stay in the cryptocurrency world for the long haul, or even support a family through trading in the future, then engrave the following ten principles into your bones! I won't talk about theoretical fluff; these are all practical insights I've accumulated over many years in the market.
1.: Don't be afraid of corrections in strong coins; as long as the mainstream leading coins drop for about 10 days, it's basically a rare opportunity to get in. Don’t be scared off by short-term declines. If there are three consecutive days of gains, you must reduce your position.
2. The truth about trading cryptocurrencies: If a coin rises for two days, you need to take profits, regardless of the coin. As long as there are three consecutive large green candles, you should quickly reduce your position and not always hope to earn a bit more.
3. The third truth about trading cryptocurrencies: If the price rises over 7%, don't rush to leave. A big increase in one day often has another opportunity for a surge the next day; wait and see first.
4. The fourth truth about trading cryptocurrencies: For strong bullish coins, wait for a pullback. Don't chase after them blindly; the end of the pullback is the real golden opportunity.
5. The fifth truth about trading cryptocurrencies: After a long period of stagnation, if a coin has been inactive for three consecutive days, give it another three days for observation. If there's still no movement, switching coins is the way to relieve yourself.
6. The sixth truth about trading cryptocurrencies: If you haven't recovered yesterday's losses, withdraw. If you can't even recover yesterday's costs by the next day, leave immediately; dragging it out will only lead to a deeper hole.
7. The seventh truth about trading cryptocurrencies: The patterns on the gainers list show that if there’s a 3, it’s often followed by a 5; if there’s a 5, it often pushes to 7. This is the market's rhythm.
8. The eighth truth about trading cryptocurrencies: Trading volume is the soul. A breakout at low levels with increased volume should be noted; if there is volume at high levels but the price can't rise, that's a signal to exit. Run faster than anyone else!
9. The ninth truth about trading cryptocurrencies: Trends are the key. Only trade coins that show an upward trend to avoid wasting time. Simply put: 3-day moving average turning up = short-term opportunity; 30-day moving average trending up = medium-term profit; 80-day moving average strengthening = main upward trend.
120-day moving average turning up = long bull market initiation.
10. The tenth truth about trading cryptocurrencies: Small capital can also turn around. Don't always think that having little capital means no opportunity. I've seen countless people turn thousands into millions. The key is: the right method, a stable mindset, and strong execution.
Follow the instructions to seize the opportunity. If you really want to recover your losses, you should try following the rules once. Don’t mess around on your own! I only help those willing to execute and who are determined to turn their situation around! Enough talk, it's up to you to decide!
I am Dong Ge, nice to meet everyone. Dong Ge focuses on Ethereum contract spot trading. The team still has spots available, come aboard quickly to become a major player and a winner.#加密市场回调
