There is a very foolish method for trading cryptocurrencies, which is actually very simple, consisting of just 4 steps: from selecting coins, buying, managing positions, to selling. Every detail will be explained clearly to you!
Step 1: Open the daily chart and only look at the daily level, focusing on cryptocurrencies with a MACD golden cross, preferably choosing those that have a golden cross above the zero line, as this yields the best results!
Step 2: Switch to the daily level. Here, you only need to pay attention to one moving average, called the daily moving average. Buy when it's above the line and sell when it's below.
Step 3: After buying, if the coin price breaks above the daily moving average and the volume is also above the daily moving average, buy with your entire position. For the fourth step, selling is divided into three details: first, when the segment increase exceeds 40%, sell 1/3 of your total position; second, when the overall segment increase exceeds 80%, sell another 1/3; and finally, if it drops below the daily moving average, sell everything.
Step 4 is also the most important step. Since we are using the daily moving average as our buying basis, if an unexpected situation arises the next day and it directly drops below, you must sell everything without any hopes of luck! Although the probability of breaking through using our coin selection method 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!
Step 1: Open the daily chart and only look at the daily level, focusing on cryptocurrencies with a MACD golden cross, preferably choosing those that have a golden cross above the zero line, as this yields the best results!
Step 2: Switch to the daily level. Here, you only need to pay attention to one moving average, called the daily moving average. Buy when it's above the line and sell when it's below.
Step 3: After buying, if the coin price breaks above the daily moving average and the volume is also above the daily moving average, buy with your entire position. For the fourth step, selling is divided into three details: first, when the segment increase exceeds 40%, sell 1/3 of your total position; second, when the overall segment increase exceeds 80%, sell another 1/3; and finally, if it drops below the daily moving average, sell everything.
Step 4 is also the most important step. Since we are using the daily moving average as our buying basis, if an unexpected situation arises the next day and it directly drops below, you must sell everything without any hopes of luck! Although the probability of breaking through using our coin selection method 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!
