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Many people trading cryptocurrencies always feel like they lack a bit of luck and talent. In fact, it's simply that they haven't found the right approach. I have compiled 10 seemingly "dumb" but effective rules. You don't need to watch the charts all day and mess around; just follow the routine, and even beginners can avoid many pitfalls over the years.
Let's start with the most core principles: When a strong coin drops for 9 consecutive days at a high level, it's actually the time to consider deploying. This is often when the main players are accumulating. Any coin that rises for 2 days should be sold off to lock in profits—don't be greedy. Be cautious of coins that surge more than 7% in a single day; on the next day, when they peak, stay on the sidelines and observe. Be especially cautious with previously strong coins—wait until the market peaks before considering entering.
An important detail in trading rhythm is this: if a coin fluctuates calmly for 3 days in a row, continue observing for another 3 days. If there's still no change, decisively switch positions. If you're losing money and can't recover by the next day, cut your losses immediately—don't fight with yourself. There's a hidden pattern in the top gainers list—after two consecutive days of gains, you can buy on dips; after five days of gains, consider taking profits. The fifth day is usually the best selling point.
The relationship between volume and price runs through the entire trading logic—this is the most core aspect in the crypto world. When a coin consolidates at a low level and suddenly breaks out with increased volume, pay close attention—this is a signal of a price rise. Conversely, if there's high volume at a high level but the price stagnates, it's time to exit decisively.
Trend trading requires paying attention to cycles: When the 3-day moving average turns upward, do quick short-term trades—buy low and sell high. When the 30-day moving average is trending upward, focus on mid-term positions. When the 80-day moving average turns upward, the main upward wave is coming—focus on participation. When the 120-day moving average is rising, it's a signal for long-term accumulation.
Finally, it must be said—small funds also have opportunities to turn around. The key is to find the right method, stay calm, strictly follow your plan, and patiently wait for high-probability setups. But the premise is very important: before achieving stable profits, do not trade full-time, and absolutely do not borrow money to enter the market. That will only trap you in an inescapable dilemma.