4 Cryptocurrency Trading tips that Newbies must see

The core consists of four steps: choose a coin, buy in, manage positions, and sell out.

Step 1: Choose a coin
Add the coins that have appeared on the rising list in the last 11 days to your watchlist.
However, there is a hard condition: if there is a continuous decline for more than 3 days during the period, it will be directly excluded.
This trend often indicates that capital has already taken profits and withdrawn, making it unnecessary to enter.

Step 2: Look at the larger time frame to confirm the trend.
Open the monthly chart and look at one indicator: MACD golden cross upwards.
No golden cross, no touch. If the trend hasn't emerged, even a strong short-term move can easily turn against you.

Step 3: Find the buying point, using only one line.
Switch to the daily chart and focus only on the 60-day moving average.
When the coin price pulls back to near the 60-day moving average,
and a strong bullish candlestick or a signal of a stop decline appears,
Only consider entering the market at this position.
It's not about chasing the rise, but waiting for a pullback to provide opportunities.

Step 4: Selling and Risk Control
After entering the market, use the 60-day moving average as the sole criterion.
Hold online, exit offline.

Specifically divided into three points.
When a market trend rises more than 30%, sell one third.
Sell one-third when the price increase exceeds 50%.
If an unexpected situation occurs the day after the purchase and the price directly breaks below the 60-day moving average, exit completely without any lucky thinking.

The probability of breaking below the 60-day line using this method that combines monthly and daily lines is not high.
But risk control must come first.