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From Sister An
1. Divide your funds into 5 parts, investing only one-fifth each time! Keep a 10-point stop loss; one mistake only loses 2% of your total funds, five mistakes only lose 10%. If you set a take profit of over 10 points, do you think you'll get trapped?
2. How to further improve your win rate? Simply put, two words: follow the trend! During a downtrend, every rebound is a trap to lure buyers; during an uptrend, every dip creates a golden opportunity! Do you think it's easier to make money by bottom fishing or by buying on dips?
3. Avoid coins that have experienced rapid short-term surges, whether mainstream or altcoins. Very few coins can sustain multiple main upward waves. The logic is that it's difficult for a coin to continue rising after a short-term surge. When prices are stagnant at high levels, they naturally fall because they can't be pushed higher. It's a simple principle, but many still want to gamble on it.
4. Use MACD to determine entry and exit points. If the DIF line and DEA form a golden cross below the zero line, and then break above zero, it's a stable entry signal. When MACD forms a death cross above zero and then moves downward, it can be seen as a signal to reduce holdings.
5. I don't know who invented the term "averaging down," but it has caused many retail investors to suffer huge losses! Many people keep adding to their positions as they lose, which is the worst mistake in trading cryptocurrencies. It puts you in a dead end. Remember, never add to your position when you're losing; add when you're profitable.
6. Volume and price indicators are crucial. Trading volume is the soul of crypto trading. Watch for volume breakthroughs at low consolidation levels; at high levels, if volume stagnates, be decisive and exit.
7. Only trade coins in an uptrend to maximize your chances of success and save time. A 3-day moving average turning upward indicates short-term upward movement; a 30-day moving average turning upward indicates medium-term growth; an 84-day moving average turning upward signals a main upward wave; a 120-day moving average turning upward indicates a long-term uptrend.
8. Always review each trade, check if your holdings have changed, analyze whether the weekly K-line trend matches your judgment, and whether the trend has shifted. Adjust your trading strategy promptly based on your review.