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If you are determined to trade cryptocurrencies for a lifetime and hope to support your family by trading someday! Then please remember these 10 iron rules. The content is not long, but every sentence is packed with valuable insights!
Strong coins, as long as they fall for 9 consecutive days after reaching a high, must be followed up promptly.
Any coin that has risen for two consecutive days must be reduced in position promptly.
Any coin that has surged more than 7% still has a chance to push higher the next day; you can continue to observe.
For strong bullish coins, wait until the pullback ends before entering the market.
If a coin fluctuates calmly for three days in a row, observe for another three days; if there is no change, consider switching to another.
If a coin fails to recover its previous day's cost price the next day, exit promptly.
The top gainers list always has three, must have five; five, must have seven.
Coins that have risen for two consecutive days should be bought on dips; the fifth day is usually a good selling opportunity.
Volume and price indicators are crucial; trading volume is considered the soul of the crypto market. When a coin breaks out with increased volume at a low consolidation, pay attention; if high-volume stagnation occurs at a high level, decisively exit.
Only operate on coins in an upward trend, as this maximizes your chances of success and avoids wasting time.
A 3-day moving average turning upward indicates short-term growth;
A 30-day moving average turning upward indicates medium-term growth;
An 80-day moving average turning upward signifies a main upward wave;
A 120-day moving average turning upward indicates long-term growth.
10. In the crypto circle, small funds do not mean there are no opportunities.
As long as you master the correct methods, maintain a rational mindset, strictly follow your strategy, and patiently wait for opportunities to come.