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This is some experience of how I made tens of millions in the crypto worldfren over the past decade! fren is already free, full of dry goods!! There's a prize Q&A!!
1. When the market crashes, if your coins only experience a slight drop, it means there are market makers protecting the market and preventing it from falling. Such coins can be held with peace of mind, and there will be gains in the future.
2. For beginners buying and selling coins, there is a simple and direct method: for short-term trading, look at the 5-day moving average line, hold as long as the coin price is above the line, and sell once it falls below; for medium-term trading, look at the 20-day moving average line, hold as long as the coin price is above the line, and sell once it falls below. The best method is the one that suits you, and the key is to stick to it.
3. If the main uptrend of the currency price has formed and there is no obvious increase in trading volume, then buy decisively. Continue to hold when the volume increases, and hold when the volume decreases but the trend is not broken. If the volume decreases and breaks the trend, then reduce the position quickly.
4. After buying in the short term, if the coin price remains unchanged for three days, sell it if possible. If the coin price falls after buying, stop loss unconditionally when the loss reaches 5%.
5. If a coin has fallen 50% from its high and has been falling for 8 consecutive days, it means that it has entered an oversold state, and a rebound may occur at any time, which can be considered for follow-up.
6. When trading cryptocurrencies, it is important to choose leading coins, as they rise the most sharply and are most resistant to declines. Do not buy simply because the price has dropped a lot, and do not refrain from buying just because it has risen a lot. When trading leading coins, the most important thing is to buy at a high point and sell at an even higher point.
7. Trade in line with the trend, the buying price should be more appropriate rather than lower. Do not easily bottom out when the market is falling, abandon those underperforming coins. The trend is the most important.
8. Do not let your head get hot because of temporary profits. Understand that continuous profitability is the most difficult. Seriously review and see if your profits are due to luck or skill. Establishing a stable trading system that suits you is the key to sustained profitability.
9. Do not trade forcefully without sufficient confidence. Being in cash is also a strategy, and it is important to learn how to be in cash. The first thing to consider in trading is capital preservation, not profit. Trading is not about frequency, but success rate. Reprinted from others, in order to let more people learn, thank you.