4 Tips for Trading Altcoins That Beginners Must Read

I have tried many methods in the crypto world and have taken quite a few detours.
In the end, achieving relatively stable profits, and still being used now, is actually a very simple process, but with extremely high execution requirements.

Over the course of a year, achieving an eight-figure income relied not on luck, but solely on discipline.
The core consists of four steps: choose a coin, buy in, manage positions, and sell.

Step 1: Select Coin
Add the coins that have appeared on the rise list in the last 11 days to your watchlist.
But there is a hard condition: if there are continuous declines for more than 3 days during this period, it will be directly excluded.
This trend often indicates that the capital in this phase has already taken profits and withdrawn, making it unnecessary to enter.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 line and look at one indicator: MACD golden cross upwards.
No golden cross, no touch. If the trend hasn't formed, even a strong short-term move can easily flip.

Step 3: Find the buying point, just use a single line
Switch to the daily chart and focus only on the 60-day moving average.
When the coin price retraces to near the 60-day moving average,
and there is a volume increase with a bullish candlestick or a signal of a stop in decline,
This position is only considered for entry.
It's not about chasing the rise, but rather waiting for a pullback to seize the opportunity.

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

Specifically divided into three points
When a market trend rises by more than 30%, sell one-third.
Sell one-third when the increase exceeds 50%.
If a sudden situation occurs the day after buying, and the price directly breaks below the 60-day moving average, exit completely without any hope of a rebound.

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

In the cryptocurrency world, the most important thing is not how quickly you can earn, but rather keeping your principal in the market first.
Even if sold, it can be repurchased at any time as long as it meets the conditions again.

Ultimately, the difficulty in making money lies not in the methods, but in the execution.
The market is always changing, and stubbornly holding on will only lead to being eliminated.
Understanding how to adapt is essential to staying longer in this market.