Ten years of Cryptocurrency Trading, from losing everything to making back ten 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 have been in the coin 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 summarized the top ten rules of Cryptocurrency Trading, and today I want to share them with you, hoping it can help you avoid some detours!
Iron Rule One: Understand market sentiment; trading volume is a core indicator.
- Trading volume rises, price stabilizes: A significant increase in trading volume while prices remain stable may indicate the end of a downward trend.
- High trading volume with stagnant prices: a surge in trading volume without significant price increases may indicate that a short-term peak has been reached.
- An increase in price accompanied by rising trading volume: During the price increase, trading volume should maintain steady growth; an abnormal decrease or surge may indicate the end of the upward trend.
- Key node volume expansion during decline: When the price drops to a key position, the trading volume surges, and the downtrend may continue further.
Iron Rule 2: Key Price Levels Guide Trading Decisions
- Support, resistance, and trend lines: decisive action is key when the price reaches these critical levels!
- Golden Ratio Principle: I use it to accurately predict support and resistance, with significant results.
Iron Rule Three: Multi-timeframe Comprehensive Market Analysis
- One-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 intraday trends.
Rule Four: Stay Calm After Stopping Losses
- Stop loss means the end of a trade: each trade is an independent starting point, do not let the past influence your judgment.
Iron Rule Five: Efficient Position Management Strategy
- Three-Stage Position Building Method:
1. The coin price stands above the five-day moving average, initial position building.
2. Break through the fifteen-day moving average, increase position
3. Stand firm at the thirty-day moving average, fully invested and waiting.
- Strict stop-loss discipline: Reduce positions when it falls below the five-day line; further reduce when it falls below the fifteen-day line; completely withdraw when it falls below the thirty-day line!
Rule Six: Exit strategy is equally important.
- Price drops below the five-day moving average: moderately reduce positions and observe the changes.
- Break below the 15-day and 30-day moving averages: decisively liquidate positions, leaving no regrets.