4 details about trading cryptocurrencies that beginners must understand$BEAT
Over the years, I've tried many methods in the crypto space and have faced many pitfalls.
In the end, what truly remains and is still being used is actually just one set of processes: simple, but with very high execution demands.
It can achieve relative stability, relying not on luck, but on discipline.
The core consists of four things: what to choose, how to buy, how to control positions, and when to sell.
Step 1: Choose a coin
Add coins that have recently made it to the top of the gainers list to your watchlist.
However, if there are several consecutive days of significant decline, remove them directly.
This pattern often indicates that short-term funds have already left, and there's no need to chase.
Step 2: First, look at the trend
Switch to the monthly chart and only recognize one signal: MACD golden cross upward.
If a coin hasn't established a trend, even if it looks hot in the short term, it can easily reverse.
Step 3: Wait for a pullback to buy
Back to the daily chart, only focus on the 60-day moving average.
When the price pulls back near this line,
and a stop-loss or strong bullish candle appears,
only then consider entering the market.
Don't chase the price; just wait for the opportunity.
Step 4: Selling and risk control
After entering, still only look at the 60-day line:
If it's above the line, hold it; if it breaks, exit.
The specific rhythm is:
If a market rises over 30%, sell a part first;
If it rises to 50%, take some profits;
If there is an unexpected situation and it directly breaks the 60-day line, liquidate unconditionally, don't bet on a rebound.
This method of combining big cycles with daily lines,
the instances of truly breaking key moving averages are few,
but once it happens, risk control must take priority.
In the crypto space,
what's important is not how fast you earn,
but to first keep the principal in the market.
Selling does not mean the end,
as long as the conditions are met again, you can always come back.
Ultimately,
the difficulty has never been in the method, but in whether it can be executed consistently.
The market is changing, and stubbornness will only lead to elimination,
understanding the trend and adaptability is what allows you to go further.