Elevate Your Game: Five Proven Tips for Successful Crypto Trading with a High Winning Rate

In the crypto world, traders always utilize different methods to compete with other traders. Each of the traders has their own idea and risk tolerance, but by adopting key principles and remaining constant on them, the chances of success are far higher. I have collected a number of principles that always make a trader profitable and reduce his risk threshold.

1. Always looks towards market sentiment and emotions. Why are some people enthusiastic about buying the coins, and why are they selling immediately?
2. If the trading volume of coins is large, but prices are not falling. The coin must increase its value in the future. But it is the clear indication of an end of a short-term trend.
3. The trading volume always has different levels in both upward and downward trends. During the uptrend, the trading volume always increases steadily. If it suddenly decreases, it means the current uptrend is over. While in a downtrend, if the volume increases and key positions are broken, it means the coin continues to fall again and again.
4. All the key positions, support positions, and key resistance levels are extremely important. Ignoring them may cause big losses for you.
5. The multiple time frame window is useful for finding out the right information for entry and exit. For example, one minute is good to enter or exit; three minutes is better to monitor the band after entering the market, and half an hour or one hour is better for intraday trend changes.

How to buy a coin

You always buy coins when the market is in bear mode; never buy a coin in a bull model. Divide your capital into two parts. When the market starts falling, select your coin to buy, and when targeted coins fall from the 5-day moving average and fall again from the 15-day moving average, it’s time to buy them but use your partial funds. If the coins again fall from the 30-day moving average, spend the remaining allocated funds.

The moving averages from 5 to 30 days indicate when to hold, buy, and sell the coin. If the price does not fall from the 5-day moving average, you are holding the coin. Continue to hold until it falls below the 5-day moving average. If you are holding the coin, and it falls below the 5-day average but does not break the 15-day moving average, it means it has the tendency to increase over time. If the coins fall below 30 days, keeping the coin may result in a big loss.