I lost money on Cryptocurrency Speculation for 4 years, made profits for 2 years, and now rely on Cryptocurrency Speculation to support my family. I have gained 6 invaluable experiences, although not many in content, every word is like gold!!!

1. Cryptocurrency Speculation is about trading strong coins. If you don't know how to determine the strength of a coin, use the 60-day moving average as the dividing line. When the price of a coin is above the 60-day moving average and stabilizes, you can enter the market or increase the position. Exit when the price falls below the 60-day moving average. Strictly follow these rules, which apply to most targets!
2. Shou Peng with a continuous rise of more than 50% is hard to hold onto as any small rise could cause anxiety. Comparatively, the lower position has greater advantages and higher cost-effectiveness. Firstly, the risks can be controlled, the rise is stronger, and the chances of winning are higher.
3. Before the formation of the main uptrend, there will be obvious characteristics, usually a small yin and yang with a fluctuation range of -10% to 20% and shrinking volume. When the coin price is relatively low, you can actively participate in batches, and most likely there will be a round of market trends.
4. When a new concept raceway opportunity emerges in the market, there is a high probability of 3-5 days of pump space. Grasping this rule can easily follow the Market Maker's bandwagon!
5. Bear Market is coming, at least Short Position for more than half a year. When the market is not good, operate less. Buying is being a disciple, selling is being a master, knowing when to rest Short Position is being a grandmaster!