If you want to make steady profits in the cryptocurrency world for a long time, don’t be obsessed with getting rich quickly; first engrave these 10 iron rules in your heart, or you will eventually be taught a lesson by the market!
Core Principle: The market never accommodates anyone; those who survive all have a bottom line for survival.
1. Strong coins in a sideways market = the main force controls the rhythm; a sudden drop to replenish is the entry point;
2. If the coin price rises for more than two consecutive days, even if you are excited, you should take some profits first; strong trends are hard to last;
3. A daily surge of over 6% is likely to continue the next day; only ambush at low positions and do not chase highs;
4. It’s most dangerous when the leading coin across the network calls for 'take off'; entering at this time is likely to lead to loss;
5. After 6 days of sideways movement with no action, immediately switch coins; energy is more precious than position;
6. If you can’t regain half of yesterday's losses the next day and your state is not good, decisively stop; forcing it will only lead to chaos;
7. Rise pattern rule: two strong lead to three; there is likely to be a divergence on the fifth day;
8. Volume is the truth: increased volume at low levels indicates a trend change; huge volume at high levels not rising = the main force is leaving;
9. Only trade coins with clear trends: look at the 5-day moving average for the short term and the 30-day moving average for the medium term; go with the trend and don’t get attached to battles;
10. Small capital turning around relies on stable and precise execution; be patient, wait, and act decisively.
Having been in the cryptocurrency world for many years, what I rely on is not talent, but the bottom line of 'don’t touch what you don’t understand, and only act when you do understand'.
Mastering these 'simple methods' is the key to thriving in the cryptocurrency world. The market is brewing; follow Brother Yu to accurately grasp the turning points and layout the next winning trade together! #加密ETF十月决战 #美国讨论BTC战略储备 #美国ADP数据超预期 $ETH
