For bull traders, the top ten iron rules of Cryptocurrency Trading for ten years, from losing everything to earning back 10 million! 🔥

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Having been in the cryptocurrency trading scene for more than ten years, starting with a principal of 5000 yuan, I made over 10 million during the bull market, only to lose it all within three years and incur a loss of 7 million. In the end, I turned my fortune around with a borrowed 200,000 yuan and earned back 10 million. Along the way, I have summarized the top ten iron rules of cryptocurrency trading, which I hope to share with you today to help you avoid detours!
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Iron Rule One: Understand market sentiment; trading volume is the core indicator.
• Volume Rises, Price Stabilizes: A significant increase in volume while prices remain stable may indicate the end of a downtrend.
• High trading volume with stagnant prices: A surge in trading volume without a significant increase in prices may indicate that a short-term peak has been reached.
• Price increase accompanied by rising trading volume: During the upward trend, trading volume should maintain steady growth; abnormal reductions or surges may indicate the end of the upward market.
• Key nodes of decline with increased trading volume: When the price drops to a key position, trading volume surges, and the downtrend may continue.
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Iron Rule 2: Key Price Levels Guide Trading Decisions
• Support, Resistance, and Trend Lines: Taking decisive action is key when prices reach these critical levels!
• Golden Ratio Rule: I use it to accurately predict support and resistance, with significant results.
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Iron Rule Three: Comprehensive Market Analysis Across Multiple Time Frames
• One-minute chart: Capture precise entry and exit timing.
• Three-minute chart: Monitor the price fluctuation trend after the entry.
• 30-minute to 1-hour chart: Grasp the subtle changes in intraday trends.
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Rule Four: Stay Calm After Cutting Losses
• Stop-loss means the end of the trade: Each trade is an independent starting point, don't let the past affect your judgment.
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Iron Rule Five: Efficient Position Management Strategy
• Three-Stage Accumulation Method:
1. Initial Positioning: The coin price rises above the five-day moving average, first purchase.
2. Add Position: Break through the fifteen-day line and continue to add position.
3. Wait with a full position: Stand firm on the 30-day line and complete the build-up.
• Strict Stop Loss Discipline:
• Break below the five-day line, reduce positions;
• Break below the fifteen-day line, reduce again;
• Break below the 30-day line, full retreat!
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Rule Six: The selling strategy is equally important.
• Break below the five-day line at a high position: moderate reduction of positions, watch for changes.
• Break below the 15-day and 30-day moving averages: decisively liquidate your positions, leaving no regrets.
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Iron Rule Seven: Be wary of market news, don't let emotions dictate your rhythm.
• Frequent positive news but prices do not rise: Be wary of the market manipulators offloading their assets and take profits in a timely manner.
• Negative news keeps coming but the price doesn't drop: Perhaps it is a bottom signal, stay tuned.
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Iron Rule Eight: Stick to reviewing trades and deeply explore 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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Iron Rule Nine: Set profit targets, do not be greedy.
• Clearly define profit zones: decisively take profits when targets are met, do not chase gains or cut losses.
• Learn to take profits in batches: Especially during a surge market, do not sell everything at once.
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Iron Rule Ten: Mindset is King, Always Stay Calm
• When at a loss: Don't rush to recover, calmly analyze the mistakes.
• When making a profit: Don't be blindly confident, the market is always full of risks.
• Be patient and wait for opportunities: Do not rush or be anxious; better to miss out than to make a mistake.
These ironclad rules are valuable experiences gained from countless failures and successes in the world of money. On the road of Cryptocurrency Trading, may you avoid traps and move forward steadily!