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When you decide to trade cryptocurrencies for a lifetime and hope to support your family through trading!
Then, please remember these 10 iron rules below. The content is not much, but every sentence is practical!
1. As long as a strong coin drops for nine consecutive days from a high position, be sure to follow up promptly.
#币圈生存法则
2. Any coin that has risen for two consecutive days must be reduced in position promptly.
3. Any coin that surges more than 7% still has a chance to push higher the next day; you can continue to observe.
4. For strong bullish coins, wait until the correction ends before entering the market.
5. If any coin fluctuates calmly for three days in a row, observe for another three days; if there is no change, consider switching to n.
$LAYER
6. If a coin fails to recover its previous day's cost price the next day, exit promptly.
7. The top gainers list always has three, five, and seven. Coins that have risen for two consecutive days should be bought on dips; the fifth day is usually a good selling point.
8. Volume and price indicators are crucial; trading volume is considered the soul of the crypto world. When a coin breaks out with increased volume at a low consolidation, pay attention; if high-volume stagnation occurs at a high level, decisively exit. $INX
9. Only operate on coins in an upward trend for the greatest chance of success and to avoid wasting time. A 3-day moving average turning upward indicates short-term growth; a 30-day moving average turning upward indicates medium-term growth; an 80-day moving average turning upward signals a main upward wave; a 120-day moving average turning upward indicates a long-term rise.
10. In the crypto world, small funds do not mean no opportunity. As long as you master the correct methods, maintain a rational mindset, strictly execute strategies, and patiently wait for opportunities.