Want to slowly become rich in the crypto circle, without chasing flashy techniques——$BNB At that time, I regarded trading cryptocurrencies as a shortcut in life, but in the end, I stared at the charts day and night, my emotions were kidnapped by the K-line, and I didn't make any money, but I became anxious to the point of insomnia. It wasn't until I calmed down and reviewed my trades that I summarized these 10 practical rules from painful lessons. Now, strictly following them, I have regained my rhythm. $XRP If you also want to move forward steadily, the following practical tips may help you avoid detours:
1. Strong coins falling for 9 consecutive days, decisively follow up
Continuous deep declines are often the end of a washout, especially for strong coins, entering at this time has a higher risk-reward ratio, but be sure to set stop-losses.
2. Any coin that rises for two consecutive days, timely reduce positions to lock in profits
The crypto market is highly volatile, securing profits is always correct. If you keep your profits, you will have chips for the next opportunity.
3. If a coin rises more than 7% in a single day, observe first the next day, do not blindly chase the high
A rapid rise is prone to correction; it's better to miss out than to chase high, wait for the trend to confirm before acting.
4. Previous bull coins should be considered for entry only after the market has completely ended
When the bull market ends and the excitement dissipates, it's a good time to research value when prices return to rationality.
5. If a coin has been flat for 3 consecutive days, observe for another 3 days; if there's no change, decisively switch positions
Time is also a cost; if the price is stagnant with no direction, switch in a timely manner to maintain capital utilization.
6. If you can't recover yesterday's cost price the next day, don't hesitate, exit in a timely manner
Short-term discipline is key; once the trend is not as expected, stopping loss decisively is wiser than holding on.
7. Grasp the rhythm of the increase
Three consecutive days of increase often lead to five days; five consecutive days usually head towards seven days. The second day can be tested at a low, while the fifth day is often an ideal selling point.
8. Volume-price coordination is the soul
Breakthrough with volume at a low level—focus on this; high volume stagnation at a high level—exit decisively. Trading volume doesn't lie.
9. Only trade coins in an upward trend
Look at the short-term with the 3-day moving average pointing up, the medium-term with the 30-day moving average pointing up, the 80-day moving average often indicates the main rising wave, and the 120-day moving average pointing up is suitable for long-term layout.
10. Small funds can also turn around
The key is rational methods, decisive execution, and patiently waiting for your own opportunities. Slow is fast.
Wealth is the realization of knowledge and patience; the Crypto world is not lacking in opportunities, but in those who live long and see clearly. Follow Lin Jie to avoid getting lost.
