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Let me tell you a silly way to do Cryptocurrency Trading, it's really a sure profit!
1. Just play with these two coins.
1. Never touch those messy altcoins, just focus on Bitcoin (BTC) and Ethereum (ETH) for Cryptocurrency Trading.
2. Those small coins are like buying lottery tickets; nine out of ten people lose.
2. When to Short
1. Looking at the 4-hour chart, the yellow line (MA60) has been pushing the price down, which indicates an opportunity.
2. Sell in three batches: for example, sell a bit when it rises to 2400, then sell more as it continues to rise.
3. Be ruthless with stop-loss: If it rises to 2450 and then falls again, set a stop-loss at 2455; losing this much is not a big deal.
3. When to go long
1. The areas where the price couldn't move down before looking at the daily chart.
2. It is also bought in three batches: for example, at the support level of 2300, buy a bit first, then
Buy the dip
3. Set the stop-loss properly: If it falls to 2280 and then rebounds, set the stop-loss at 2275.
4. The most important thing about managing money
1. The maximum loss in a day is 20%, and if it reaches that, turn off and go to sleep.
2. Do not exceed 5% of the total funds each time.
3. Don't play after 2 AM, try to rest on weekends.
V. How to Chase a Big Rise
1. Only chase the three coins that rise the most on the same day.
2. Earn three coins and lose one coin: Take a risk of 100 coins, if you earn 300, then run.
3. When you start making money, you should move the stop loss up, for example, if you earn 200, adjust the stop loss to break even.