Master these seemingly "foolish" yet practical cryptocurrency trading rules, and wealth will gradually accumulate. Remember these 10 rules:
1. Strong and high position declines for 9 days: If a strong asset continuously declines from a high position for 9 days, it may be time to follow in.
2. Reduce positions after two consecutive days of gains: Regardless of the cryptocurrency, after two consecutive days of increase, reduce positions in a timely manner to lock in profits.
3. Observe after a rise of over 7% the next day: If a cryptocurrency rises over 7%, observe the next day's previous highs first and do not rush to operate.
4. Re-enter after a bull market ends: For previously bullish cryptocurrencies, consider re-entering only after the market has completely ended.
5. Observe and consider switching after three days of small fluctuations: If a cryptocurrency has small fluctuations for three consecutive days, observe for another three days; if there is no change, consider switching.
6. Exit if not profitable the next day: If a cryptocurrency cannot recoup the previous day's cost the next day, promptly cut losses and exit.
7. Smartly utilize the gain rankings: If there are three or five in the gain rankings, there are often seven; for cryptocurrencies that have risen for two consecutive days, enter at a low point, as the fifth day is often a good selling point.
8. Volume and price indicators are key: Trading volume is a core indicator in the cryptocurrency world. Pay attention to low-level volume breakthroughs, and decisively exit during high-level volume stagnation.
9. Only trade cryptocurrencies in an upward trend: Choose to operate on cryptocurrencies in an upward trend for a higher chance of success. The 3-day line turning upwards indicates short-term rises; the 30-day line turning upwards indicates medium-term rises; the 80-day line turning upwards indicates major upward trends; the 120-day moving average turning upwards indicates long-term rises.
10. Small funds also have big opportunities: In this market, small funds also have the potential for a comeback if the correct methods are used, a rational mindset is maintained, and strategies are strictly executed while waiting for opportunities to arise.
For friends who are still confused and in losses, if you want to profit and turn your situation around, keep up with the rhythm and move forward steadily!
