4 cryptocurrency trading tips, a must-read for beginners $ACT
The methods that can truly be used stably are often quite simple; the difficult part is execution.
The process I currently use only has four steps: choose a coin, enter the market, control the position, and exit.
1️⃣ Choose a coin
Add coins that have appeared on the rise list in the past 11 days to your watchlist, but if there are three consecutive days of decline, delete them immediately. This indicates that the funds have been withdrawn, and there is no need to buy in.
2️⃣ Look at the trend
Only look at the monthly chart and use MACD. Only consider when there is a golden cross upwards; do not trade without a trend.
3️⃣ Find a buying point
At the daily chart level, only focus on the 60-day moving average. When it pulls back near the moving average, wait for a volume stabilization before entering; do not chase prices, only wait for a pullback.
4️⃣ Selling and risk control
The 60-day moving average is the only standard: hold above the line, exit below the line. Sell 1/3 when up 30%, sell another 1/3 when up 50%; if it breaks below the 60-day moving average, clear the position unconditionally.
The core message is:
First protect the principal, then talk about profit. The method is not difficult; the challenge lies in execution; the ability to adapt is what allows you to last longer.