Having navigated the crypto world for over ten years, starting with a principal of 5000 yuan, I capitalized on the bull run to earn over 10 million, only to lose it all and incur a deficit of 7 million within three years. Ultimately, I turned my fortunes around with a borrowed 200,000 and earned back 10 million. Along the way, I've summarized the ten iron rules of Cryptocurrency Trading, which I share with you today, hoping to help you avoid unnecessary detours!

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Rule One: Understand market sentiment; trading volume is the core indicator.
• Rising Volume Stabilizes Price: A significant increase in volume while prices remain stable may signal the end of a downtrend.
• High trading volume with stagnant prices: A surge in trading volume without significant price increases may indicate a short-term peak has been reached.
• Price increase accompanied by increasing trading volume: During the price increase, the trading volume should maintain steady growth; any abnormal reduction or surge may indicate the end of the upward trend.
• Increased trading volume at key drop points: When the price drops to a key position, the trading volume surges, and the downtrend may continue.
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Rule Two: Key price levels guide trading decisions
• Support, resistance, and trend lines: decisive action is key when prices reach these critical levels!
• The Golden Ratio: I use it to accurately predict support and resistance, with remarkable results.
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Iron Rule Three: Comprehensive Market Analysis Across Multiple Time Frames
• 1-minute chart: Capture precise entry and exit timing.
• Three-minute chart: Monitor the price fluctuation trend after entry.
• 30-minute to 1-hour chart: Capture the subtle changes in the intraday trend.
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Rule Four: Stay Calm After Cutting Losses
• Stop loss means ending the trade: Each trade is an independent starting point, don't let the past affect your judgment.
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Rule Five: Efficient Position Management Strategy
• Three-Stage Accumulation Method:
1. Initial Positioning: Coin price rises above the five-day moving average, first purchase.
2. Increase Position: Break through the fifteen-day line, continue to increase position.
3. Fully loaded: Stand firm on the thirty-day line and complete the position building.
• Strict stop-loss discipline:
• Break below the five-day line, reduce positions;
• Break below the fifteen-day line, then reduce;
• Break below the thirty-day line, retreat completely!
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Rule Six: Exit strategy is equally important.
• Break below the five-day moving average at a high position: moderately reduce positions and wait and see.
• Break below the 15-day and 30-day lines: decisively liquidate positions, leaving no regrets.
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Iron Rule Seven: Be wary of market news, and don’t let emotions dictate your rhythm.
• Frequent positive news but prices do not rise: Beware of market manipulators offloading, take profits in a timely manner.
• Negative news keeps coming but the price doesn't drop: Perhaps it's a bottom signal, keep a close watch.
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Rule Eight: Stick to reviewing your trades and deeply analyze your trading experiences.
• Daily Review: Summarize the reasons for success and failure, and extract experiences.
• Regular Review: Analyze past trades, adjust strategies, and enhance awareness.
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Rule 9: Set profit targets and don't be greedy.
• Clearly define profit ranges: decisively take profit when the target is reached, and avoid chasing highs and selling lows.
• Learn to take profits in batches: Especially in a bull market, do not sell everything at once.
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Iron Rule Ten: Mindset is King, Always Stay Calm
• When in loss: Don't rush to make up for it, calmly analyze the mistakes.
• When profitable: Don't be blindly confident, the market is always full of risks.
• Be patient and wait for opportunities: Do not rush, it is better to miss out than to make a mistake.
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These iron rules are valuable experiences that I have gained through countless failures and successes. On the journey of Cryptocurrency Trading, may you avoid traps and move forward steadily!
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