Oh my God, it's incredible! I've been in the cryptocurrency world for 10 years. After 10 years of ups and downs, I've finally accumulated an 8-digit asset. Today, I'm here to reveal my unique secrets!
1. In the cryptocurrency world, the safety of funds is always the top priority. Remember to divide your funds into five parts and only risk one-fifth each time.
2. If you make a mistake, decisively cut your losses; this way, even if you make five mistakes, you'll only lose 10% of your total funds. And once you’re right, remember to set a profit-taking point and don’t let your profits slip away. When it comes to increasing your win rate, going with the trend is key.
3. Don’t easily try to catch a falling knife during a downturn, and don’t be afraid to chase prices during an uptrend, because rebounds during a downtrend are often traps, while pullbacks during an uptrend are golden opportunities. Avoid those coins that have surged in the short term; they are like fireworks, dazzling for a moment but hard to sustain.
4. When prices stagnate at a high level, they will naturally decline later; this is an unchanging truth. MACD is a useful tool that can help you determine entry and exit points. A golden cross breaking above the zero line indicates a stable entry; a death cross pointing down suggests you should reduce your position.
5. Remember, never average down when you're in a loss; that's pushing yourself into a fire pit. Increasing your position when you’re in profit is the way to go.
6. Trading volume is the soul of the cryptocurrency market. A breakout with high volume at a low level is an opportunity, while high volume stagnation at a high level is a warning. Only trade coins in an uptrend; this way, your chances of winning are maximized.
7. From short-term to long-term, watch the turning points of moving averages over different cycles to grasp the pulse of the trend.
8. Finally, keep reviewing your trades, check your holding logic, and adjust your trading strategies; this is how you can navigate the cryptocurrency world with ease.
Alright, I've shared my experiences here. Do you think these tips are helpful for you? Feel free to leave your thoughts in the comments!
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