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There is a very "stupid" method of trading cryptocurrencies that almost guarantees 99.99% profit. After entering the crypto world, I started to seriously study trading. This method is actually very simple; it only involves four steps back and forth. Today, I’m in a good mood and want to share it with you: from selecting coins, buying, managing positions, to selling. I will explain every detail clearly!
1. Open the daily chart and only look at the daily level. For coins with a MACD golden cross, it’s best to choose those with a golden cross above the zero line. This yields the best results!
2. Switch to the daily level. Here, you only need to look at one moving average called the daily moving average. Hold when above the line, sell when below. $RAD
3. After buying, if the price breaks above the daily moving average and the volume is also above the moving average, buy with full position. The fourth step is selling, which involves three details: first, when the wave gains exceed 40%, sell 1/3 of the total position; second, when the overall wave gains exceed 80%, sell another 1/3; third, if the price falls below the daily moving average, clear all positions. $AMP
4. The most important step. Since we base our buy decisions on the daily moving average, if the next day there are unexpected circumstances causing the price to drop below it, you must sell everything immediately. Don’t hold onto any hope! Although, with this coin selection method, the probability of breaking below is very small, we still need to be aware of risks. After selling, wait for the price to rise back above the daily moving average before re-entering.