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After ten years of Cryptocurrency Trading, I entered the market with a capital of 100,000 and made a furious profit of 5 million. Then, I suffered a huge loss of 5 million, and now I am making a furious profit of 12 million. Looking at the current crypto world, I can't stand seeing others lose money. Today, I have decided to publicly share the experiences I have summarized over the years on how I survived in this market and how I managed to stay invincible. At the very least, this can help you avoid several years of detours, and what you learn can directly turn your losses into victories! 👇
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💎Regarding trading volume: As the saying goes, before the soldiers move, the supplies must be prepared. The formation of the trend in the early stages is an essential link, especially the first increase in volume after a period of sideways movement, which should be closely monitored. This is not the best entry point; the first surge in volume will likely lead to a pullback. When the second surge in volume occurs, that is our best entry opportunity!
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💎Price aspect: It is essential to look at the closing price; the fluctuations during the day are not important. If the closing can hold steady, it indicates that the main force is indeed taking action. How to distinguish between a real and a false pump? The summary from Lao Jiu is that if the closing can be above the resistance level, then the probability of a breakthrough is very high!
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💎 Entry Timing: Before the breakout, the coin price should have experienced a long period of sideways consolidation, the longer the better. The accumulation zone should ideally have less than 10% volatility. Once the main forces have completed a large amount of accumulation, the subsequent movement will undoubtedly stride forward with a devilish pace, exploding without looking back!
💎Regarding resistance levels: It is essential to identify previous resistance levels, for example, during previous declines, if there was support in that range and the price stayed in that area long enough, then this position becomes the resistance level for an upward movement. Normally, when at a critical resistance level, the first direct breakthrough can generally be deemed a false breakout. At this position, it is advisable to exit first and wait for a minor pullback before re-entering!
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💎 If you haven't learned yet, you only have two options now:
(Select A) ❌Gambler
☹️ Continuing to fight alone, relying on luck to make money, will ultimately lose by strength and be submerged in the torrent of the market!
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