Who hasn't dreamed of 'getting rich overnight' in the cryptocurrency market? When I first entered, I brought along my savings accumulated over 3 years, following the so-called 'experts' and chasing trends. As a result, in less than 3 months, my account balance went from six figures to 'two figures' — not just a decimal point added, but truly only a few hundred left.
Later, I stumbled twice more, and at my worst, I even had to use discount coupons for takeout to meet the minimum order. It wasn't until I had fallen enough that I understood: the cryptocurrency market has never been about 'betting big', but rather 'who can last longer'. Now, being able to slowly recover with a stable strategy relies entirely on these 6 'lifesavers' forged by the market's beatings, each one more substantial than gold.
1. Only follow 'real money'; news is all 'smoke screens.'
Don't believe in the 'inside information' that flies around in the community, and don't touch those 'upcoming listings' that are just air targets. The ones that truly have funds moving will eventually show up on the gainers list. My approach is: pull the top 30 gainers from the last 15 days into my watchlist, removing those 'meme coins' that spike and crash in a single day, leaving the potential stocks selected by the market with real money.
2. The monthly MACD golden cross is the 'signal to go'; buying the dip is like 'sending your head to the guillotine.'
When I first entered, I always thought about 'buying at the lowest point,' but I ended up buying at 'halfway up.' Later, I realized: the short-term candlesticks are all 'ECG charts' drawn by the main players, and only the monthly MACD golden cross indicates the start of a major trend. This means the market is turning from a long-term decline to an upward trend, and entering at this time is following the trend. Remember: the trend is smarter than you; the only outcome of going against it is to be ground into the dust by the market.
3. The 60-day line is the 'safety line'; never reach out before the point.
The 60-day moving average is like the target's 'backbone'; being able to stand steadily on this line indicates that the main players are still protecting the market. My entry conditions are very strict: I must wait for the target price to pull back to the 60-day moving average while the trading volume increases — this represents that there are funds picking up at this position, making it the most reliable 'entry point'. I would rather miss ten opportunities than take one risk, after all, in the crypto market, 'missing out' is a thousand times better than 'doing it wrong.'
4. If it breaks the line, run; don’t fall in love with profits.
Making money is not hard; the difficult part is 'securing the profits.' I used to always think, 'just a little more before selling,' only to go from a 50% profit to a 20% loss. Now I've set strict rules for myself: as soon as the target drops below the key moving averages when I hold (like the 20-day line or the 60-day line), no matter how conflicted I feel at that moment, I immediately place a sell order. Profits are like sand; the tighter you grip, the faster they slip away; timely profit-taking is the 'way to go.'
5. Take profits in segments; don’t be the fool who tries to 'squeeze out the last bit.'
Greed is the 'number one killer' in the crypto market. My profit-taking strategy is very simple: when the target rises by 30%, immediately reduce the position by half and take back the principal; when it rises to 50%, reduce the remaining half, leaving a small position to 'run alongside.' This way, regardless of whether it goes up or down afterward, I remain invincible. Those who always want to 'sell at the highest point' often end up unable to protect even their principal—the market specializes in curing all forms of 'greed.'
6. Break the 60-day line and 'liquidate and exit'; staying alive gives you a chance to turn things around.
If the 60-day line is the 'safety line,' then breaking below it is the 'life and death line.' At this point, don’t fantasize about 'averaging down,' and don’t comfort yourself with 'it’s just a pullback'—the main players are already withdrawing, are you still inside acting as the 'bag holder'? My third liquidation was because I didn't run when it broke the 60-day line, holding onto the 'just wait a bit longer' mentality, and ended up watching my account go to zero. Remember: as long as you have the green mountains, you need not fear not having firewood; staying alive allows you to wait for the next wave of the market.
In fact, these strategies are all quite simple when you break them down, but fewer than 10% of people can execute them strictly. I've seen too many people who clearly know 'not to chase highs,' yet still can't help but follow the trend; who clearly understand 'to take profits,' but are always held back by greed. The crypto market is like a mirror, reflecting your mindset and discipline.
I no longer have the 'get-rich-quick obsession' of my early years; I just want to earn a little 'pocket money' steadily each month. After all, slowly getting rich is much sweeter than 'blowing up overnight.' If you've stumbled in the crypto market, you might want to try these 6 strategies; if you haven't hit a pitfall yet, then be sure to keep your 'life-saving talisman' handy.
Lastly, let me ask: what is the most outrageous pitfall you've encountered in the crypto market? Share in the comments, let me see who is braver than I was back then ~ Follow me for more practical insights to help us navigate the crypto market 'steadily and securely'!
