Trading cryptocurrencies has been over a decade, from liquidation to achieving financial freedom $STG

Relying on cryptocurrency trading to support my family, in 2024 my funds increased by 50 times. If it weren't for withdrawing funds twice to buy a house, it should have been 85 times. $ORDI

Today I will share my trading strategies and insights with friends in the crypto community $PORTAL

There is a saying, standing on the shoulders of giants allows you to work less for ten years.

At the end of the article, I will also talk about the most important position management.

For those who are fortunate to see this and want to improve their cryptocurrency trading skills, be sure to read carefully and study, and I suggest saving it!

Timing: Night is more stable

During the day, news is complicated, and market fluctuations are chaotic. After 9 PM, news is digested, and the K-line trend and direction are clearer, so I often choose to operate at this time.

Profit Handling: Take profits in time

In cryptocurrency trading, one should avoid greed. If there is a profit, part of it should be withdrawn. For example, if you earn 1000U, withdraw 300U first, and invest the rest. Many people lose everything due to greed, wanting more after making a profit, resulting in a total loss after a pullback.

Decision Basis: Rely on indicators

Trading based on feelings can easily lead to liquidation; I recommend using TradingView software and focusing on three indicators.

First is MACD, to see if there's a golden cross or death cross;

Second is RSI, to judge if it's overbought or oversold;

Third is Bollinger Bands, to pay attention to whether it is contracting or breaking out. At least two indicators should point in the same direction before considering entry.

Stop Loss Adjustment: Flexible changes

When you can monitor the market, if the market goes up, move the stop-loss position up. For example, if the buying price is 1000 and it rises to 1100, move the stop loss to 1050. If you can't monitor, set a hard stop loss at 3% to prevent sudden drops.

Withdrawal Planning: Reasonable allocation

The account balance is virtual wealth; withdrawing to a card is real income. For every profit made, withdraw 30% - 50% of the earnings. Don't fantasize about getting rich overnight by leaving everything in the market.

K-line Skills: Short-term strategies

For short-term trading, look at the 1-hour chart. If there are two consecutive bullish candles, it may be a good time to consider going long. During sideways fluctuations, check the 4-hour chart for support levels, and consider entry when the price approaches the support level.

Avoid Traps: Cautious operation

In cryptocurrency trading, avoid common traps. Don't leverage heavily, as a wrong direction means total loss;

Don't touch unfamiliar altcoins, as they can easily be exploited;

Only make a maximum of 3 trades a day to prevent emotional loss of control; never borrow money to trade cryptocurrencies, as that is a red line.