Cryptocurrency speculation has summarized eight iron rules after years of experience. The content is not extensive but highly valuable. If you think it's unreasonable after reading, you can say whatever you want!

1. Divide your capital into 5 parts and only enter 1/5 each time! Set a stop loss of 10 points, if you are wrong, you will only lose 2% of the total capital. It will take 5 wrong trades to lose 10% of the total capital. If you are right, set a take profit of more than 10 points. Do you think you will still be trapped?
To improve the winning rate again? In two words, go with the trend! Every rebound in a downtrend tempts long positions, while every decline in an uptrend creates golden buying opportunities! Which do you think is easier to make money, catching the bottom or buying the dips?
3. Do not touch the coins that have experienced short-term rapid pumps, whether they are mainstream or altcoins. It is very rare for coins to continue to rise after experiencing several waves of major uptrends. The logic behind this is that it is difficult for them to continue to rise after a short-term pump. When the price is high and stagnant, it is natural for it to decline later on. It's a simple truth, but many people still want to take a gamble.
4. MACD can be used to determine entry and exit points. If the DIF line and DEA line form a golden cross below the zero axis and break through the zero axis, it is a strong entry signal. When MACD forms a death cross above the zero axis and moves downward, it can be considered as a signal to reduce position.
5. I don't know who invented the term "margin replenishment", which has caused many retail investors to stumble and suffer heavy losses! Many people keep replenishing their positions as they continue to lose, resulting in even greater losses. This is the most taboo practice in cryptocurrency trading, as it puts oneself in a dangerous position. Remember to never replenish your positions when you are in a loss, but rather increase your positions when you are in profit.
6. The first and foremost indicator is the volume-price ratio, and trading volume is the soul of the crypto world. Pay attention to the breakthrough in volume when the coin price is consolidating at a low level, and exit decisively when there is volume stagnation at a high level.
7. Only trade coins that are on the rise, as this maximizes your chances of success and avoids wasting time. When the 3-day moving average turns upward, it indicates a short-term rise. When the 30-day moving average turns upward, it indicates a medium-term rise. When the 84-day moving average turns upward, it indicates a major uptrend. And when the 120-day moving average turns upward, it indicates a long-term rise!
8. Persist in reviewing every week to check if there are any changes in the logic of holding coins, whether the weekly candlestick trend is consistent with the judgment, whether the direction has changed, and adjust the trading strategy in a timely manner!