There are always people asking Duo'er: “How to view support and resistance? When is the right time to enter?”$BTC $ETH $SOL
Actually, Duo'er doesn't have complicated techniques, just relies on six steps, simple yet has saved me many times.
—— After stepping into many pitfalls before, I have honed this method to be more effective.
The first step is to pick 'active coins' from the gainers list.
I used to be foolish, randomly buying 'dead coins' with no volatility, trapped with no way out; now I check the gainers list every day, adding coins that have shown volatility and gains in the past half month to my watchlist.
Only coins with popularity have future trading opportunities; after filtering this way, I basically won't miss potential coins.
The second step is to focus only on the monthly MACD golden cross.
I stopped looking at other indicators long ago; I used to think about bottom fishing and betting on rebounds, but the more I tried, the more trapped I became; later I realized that only the monthly MACD golden cross is the real signal of a trend, following the trend is much more stable than gambling on luck.
The third step is to wait for the coin price to pull back to the 60-day moving average with volume.
I don't care about the messy lines on the daily chart; I just wait for a pullback to the 60-day moving average, and there must be an increase in trading volume before entering.
Before, I rushed to enter without waiting for a pullback, bought just before a drop; now I patiently wait for the signal, and I feel much more secure after entering.
The fourth step is to never fall in love with a position after entering.
If the signal is there, hold on; once it breaks the key line, leave immediately, without hesitation. I used to always think “wait a bit longer,” resulting in profits turning into losses; now when it’s time to leave, I leave without too much entanglement.
The fifth step is to take profits in two stages.
Sell half when making 30%, then sell the rest when making 50%. Don't think about taking the whole market move; I've tried that and ended up with nothing; small profits accumulate over time, which is actually more stable.
The sixth step is to cut losses if it breaks the 60-day moving average, this is a hard rule.
No matter if just bought or trapped for a few days, if it breaks, leave the market — there was one time I didn't execute this and lost more than before; now I strictly adhere to it, which has saved me countless times.
Some say this method is too mechanical, but I know that the more emotional you are, the easier it is to stumble.
None of these six steps are difficult, what’s hard is to execute them properly. The method itself isn’t magical; the magic lies in maintaining discipline.
Those who can survive in the crypto market and still make money are never those who recklessly reach out, but those who can follow the rules.
