There are always people chasing and asking: how to determine support and resistance? Where is the best entry point hidden?
In fact, I rely on these six steps to avoid countless traps. It’s not complicated to implement, and beginners can get started!
1. Screen for active targets: Check the daily gainers list, add the cryptocurrencies that have fluctuated and experienced price increases in the past half month to your watchlist—only those with heat have the potential to start, don’t do useless work;
2. Watch for monthly MACD golden cross: No need to deal with a bunch of complex indicators, just look at the monthly MACD golden cross signal! Enter the market only when the trend is established. The gambling behavior of bottom-fishing for rebounds has long been thrown away by me; making stable profits is the way to go;
3. Wait for daily pullbacks with volume: Ignore the mixed signals, only wait for the cryptocurrency price to pull back near the 60-day line, and then increase in trading volume before taking action! Don’t be greedy for low prices below the 60-day line; the probability of getting stuck and being liquidated is high;
4. Don’t cling to positions: Hold as long as the signal is not broken, once it falls below key support, exit immediately without hesitation! Don’t hold onto the luck of “wait a little longer,” as moving from profit to loss often just depends on this step;
5. Take profits in batches: Sell half when you earn 30%, and clear the remaining when you reach 50%! Don’t think about capturing the entire market trend, the market never leaves all the profits for one person; small gains accumulate into more;
6. Cut losses when breaking lines: Ironclad rule! No matter if you just bought or have been stuck for a few days, if the price falls below the 60-day line, run immediately; this rule has saved me countless times!
Some say this method is too mechanical? But the more emotional people are in the market, the faster they fall!
The six steps are not magical; the key is uncompromising execution. Most people don’t lack effort; they lack a guiding light.
Opportunities are often present, but they don’t wait for anyone—follow Brother Er, and I’ll lead you to enter the market accurately and steadily profit!@阿二说币
