There is a very foolish way to trade cryptocurrencies that has nearly a 100% profit rate.
From now on, I will seriously study cryptocurrency trading.
There is a senior around me who used to run a supermarket, and then he got involved in the cryptocurrency world. From then on, he started to study cryptocurrency trading seriously, achieving a turnaround in his life, and now his assets have reached eight figures. He uses a very simple method, which consists of just four steps: selecting coins, buying, managing positions, and selling. Every detail will be explained clearly to you!
The first step is to open the daily chart and only look at the daily level, focusing on coins with a MACD golden cross, preferably choosing a golden cross above the zero line, as this yields the best results!
The second step is to switch to the daily level where we only need to look at one moving average, called the daily moving average, holding above the line and selling below the line.
The third step is after buying, when the coin price breaks above the daily moving average, and the volume is also above the daily moving average, you should buy with your entire position. Then for the fourth step, which involves selling, there are three details: the first is when the fluctuation of the wave exceeds 40%, sell 1/3 of the overall position; the second is when the overall wave fluctuation exceeds 80%, sell another 1/3, and when it falls below the daily moving average, sell everything.
The fourth step is also the most important one. Since we are using the daily moving average as our buying basis, if the next day there are unexpected situations leading to a direct drop below it, you must sell everything and not hold any false hopes! Although with our coin selection method, the probability of it breaking below is very low, we must still have risk awareness! After selling, wait for it to rise above the daily moving average again before buying back!
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