Must-read for beginners: Tips for trading cryptocurrencies
After twelve years navigating the crypto space, I can count the mistakes I've made on one hand.
Ultimately, achieving relatively stable and continuous profits comes down to a simple yet highly disciplined process.
$AVNT With it, my account reached eight figures in two years; this isn't luck, it's discipline.
The core consists of four steps: choose coins, buy, manage positions, sell.
Step 1: Choose coins by observing capital trends, avoid falling knives
Every day, I scan the top gainers of the past 11 days, but there's a critical filtering condition: coins that have fallen for over 3 days are eliminated. Coins where capital has withdrawn are unlikely to see short-term market activity, so don't waste opportunity costs.
Step 2: Monthly chart determines trends, only trade coins with an established big trend
Switch to the monthly chart, the only focus is whether the MACD has crossed upwards. A golden cross indicates the establishment of a long-term trend; no matter how tempting short-term fluctuations are, don't engage—trend is the only safety rope.
Step 3: Daily chart finds entry points, the 60-day line is the lifeline
On the daily chart, patiently wait for the price to pull back near the 60-day moving average, and only open positions when a strong bullish candle or clear signs of a bottom appear. This isn't chasing prices, but rather taking advantage of market pullbacks, clearly benefiting from cost advantages.
Step 4: Tiered profit-taking, clear out when breaking lines
When profits reach 30%, reduce positions by 1/3 to lock in some profits;
When profits reach 50%, reduce another 1/3 to allow remaining chips to seek greater space;
Once it falls below the 60-day line, clear out completely—no hesitations, no fantasies.
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