🚀8 GOLDEN RULES TO GET RID OF LONG LOSSES JOURNEY 🚀

For many crypto riders the journey begins with losses, but through a commitment to learning, it's possible to turn the tide and emerge with substantial profits. Here are eight invaluable principles that change one crypto investor's fortunes:

1. Divide:

Rather than putting all your eggs in one basket, splitting your funds into five parts ensures a diversified approach to investing. By only allocating one-fifth of your capital at a time, you limit risk exposure, with a tight leash set by a 10-point stop loss.

2. Follow the Trend:

Success in crypto often hinges on identifying and riding the prevailing trend. While buying during rebounds in a downward trend may seem enticing, patience is key. Waiting for declines in an upward trend improves the odds of profitable trades.

3. Avoid Short-Term Hype:

speculation surrounding coins experiencing rapid short-term gains can be tempting but is fraught with risk. Many such coins fail to sustain their upward trajectory, leaving investors with heavy losses.

4. MACD Indicators:

Technical analysis plays a vital role in timing entry and exit points. The Moving Average Convergence Divergence (MACD) indicator offers valuable insights.

5. Avoid Averaging Down:

In the face of losses, the temptation to double down can be strong. However, this strategy of "averaging down" can compound losses and lead to significant financial setbacks. Instead, focus on increasing positions during profitable periods.

6. Watch the Volume:

Volume serves as a critical indicator of market strength and momentum. Large-volume breakthroughs at low consolidation levels signal bullish sentiment.

7. Ride the Uptren:

Maximizing returns often involves sticking with currencies exhibiting sustained upward momentum. Monitoring key indicators such as moving averages over various timeframes provides valuable insights into market direction.

8. Weekly Review:

Regularly evaluating your holdings, analyzing market trends, and reassessing your approach enables you to adapt to changing conditions.