Ten years of Cryptocurrency Trading, from losing everything to earning back 10 million: the top ten iron rules!

After ten years of Cryptocurrency Trading, from losing 7 million to earning back 10 million, my top ten iron rules! I can't bear to see my brothers in the coin circle lose money, so I'm sharing everything publicly.
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I have been in the cryptocurrency trading circle for over 10 years. Starting with an initial capital of 5000, I made over 10 million during the bull market, then lost everything in three years and even lost an additional 7 million. Finally, I borrowed 200,000 to turn things around and earned back 10 million. Along the way, I have summarized the top ten iron rules of cryptocurrency trading. Today, I want to share them with you, hoping to help you avoid some detours!
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Rule One: Gain Insight into Market Sentiment, Trading Volume is the Core Indicator
- Trading volume rises and prices stabilize: A significant increase in trading volume while prices remain stable may indicate the end of a downward trend.
- High trading volume with stagnant prices: An increase in trading volume without a significant price rise may indicate a short-term peak has been reached.
- Price increase accompanied by increasing trading volume: During the price increase process, the trading volume should maintain steady growth. An abnormal decrease or spike may indicate the end of the upward trend.
- Key node of decline with increased trading volume: When the price drops to a key position, trading volume surges, and the downward trend may continue further.
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Iron Rule Two: Key Price Levels Guide Trading Decisions
- Support, resistance, and trend lines: 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 3: Comprehensive Multi-Period Market Analysis
- One-minute chart: Capture precise entry and exit timing.
- Three-minute chart: Monitor the price fluctuation trend after entering the market.
- 30 minutes to 1 hour chart: Grasp the subtle changes in intraday trends.
Rule Four: Stay Calm After Taking a Loss
- Stop loss means the end of the trade: each transaction 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 Position Building Method:
1. The coin price has risen above the five-day moving average, initiating a preliminary position.
2. Break through the fifteen-day line, increase positions
3. Stand firm on the 30-day moving average and wait with a full position.
- Strict stop-loss discipline: If it falls below the five-day moving average, reduce positions; if it falls below the fifteen-day moving average, further reduce; if it falls below the thirty-day moving average, withdraw completely!
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Rule Six: The selling strategy is equally important.
- The high level has fallen below the five-day line: moderately reduce positions and observe the changes.
- Break below the 15-day and 30-day lines: decisively liquidate, leaving no regrets.
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