The opportunity for wealth is here! This time it will definitely open your eyes! Master these, and doubling in the cryptocurrency world will be as easy as pie!
Having been in the cryptocurrency world for many years, many loyal fans are curious about how I managed to persevere and achieve financial freedom. When I first entered the market, I suffered significant losses, but later I discovered some tricks that helped me turn things around. Below I share my experiences in hopes of inspiring fellow crypto enthusiasts!
For coins with market makers, be sure to hold on tight. If the market crashes but your coins haven’t dropped significantly, there’s a high probability that a market maker is protecting the price, so don’t sell easily; the subsequent returns can be substantial.
For rookie traders, focus on the big picture, and look at the moving averages for short and medium-term strategies. Pay more attention to macro information to grasp the overall direction, and for short-term trading, watch the 5-day moving average; hold as long as the price is above it, and sell if it breaks below; for medium-term, keep an eye on the 20-day moving average, operate similarly to short-term trading, and don’t get too caught up in details.
If you buy short-term and there’s no movement in three days, change your position quickly; if the price drops immediately after purchase by 5%, decisively cut your losses and don’t let them expand.
If the price has halved from a high point and has fallen for nine consecutive days, it’s basically at the bottom, and a rebound could happen at any time—this is when you should decisively enter the market to potentially make a profit.
Chasing leading coins is a must, as they tend to rise sharply and resist declines. Don’t hesitate to buy because of high prices, and don’t blindly jump into falling coins; follow the trend, and chase the rise and cut losses without hesitation.
Don’t always think about bottom fishing; there’s no bottom in a downtrend, and if you need to cut losses, then cut them. Timing for buying coins is more important than the price; following the trend is key to making money.
After making a profit, don’t get complacent, as sustaining profits is not easy. Reflect and summarize each time you make money, and develop a trading strategy that suits you.
The upcoming layout direction aims at the lucrative opportunities in altcoins, with an expected gain of over 10 times being reasonable. For those who want to follow me, 聊天室 gather!!!
