New Version, Worth Being Seen! #GateAPPRefreshExperience
🎁 Gate APP has been updated to the latest version v8.0.5. Share your authentic experience on Gate Square for a chance to win Gate-exclusive Christmas gift boxes and position experience vouchers.
How to Participate:
1. Download and update the Gate APP to version v8.0.5
2. Publish a post on Gate Square and include the hashtag: #GateAPPRefreshExperience
3. Share your real experience with the new version, such as:
Key new features and optimizations
App smoothness and UI/UX changes
Improvements in trading or market data experience
Your fa
Want to avoid detours in the crypto world? Let's talk about those truly reusable trading strategies.
When the market plunges, your coins only drop a little? That's probably someone supporting the market. At such times, it's better to stay put.
Starting with technical analysis. Short-term trading only needs to watch the 5-day moving average—hold online, sell immediately if it breaks, don't wait. Mid-term traders watch the 20-day moving average, following the same rule: hold when above, sell when below.
If the main upward wave hasn't increased volume yet, that's the best entry point. When prices rise, continue holding with volume; when prices fall, reduce volume and stay above the trend line, but if volume increases and breaks the trend line, quickly cut positions—don't be greedy.
After short-term building positions, if there’s no significant fluctuation within 3 days, exit. Losses over 5%? Stop-loss immediately—don't hesitate.
In a sharp decline, if a coin halves from its top and falls for 8 days straight, it's oversold. This is a good time to consider accumulating.
Where is the wisdom in choosing coins? Focus only on the leaders—the ones with the strongest gains and the most resistance to declines. Don't worry about how much it has risen; the key is buying at the high point and selling at an even higher point.
The essence of trading is to follow the trend. Don't chase the lowest point when buying; choose a comfortable price. Don't try to guess the bottom, and avoid coins in a weak market.
What's the most common mistake after making money? Overconfidence. Every time you close a position, ask yourself: is this profit due to skill or luck? Building a reusable trading system is the foundation for consistent profits.
The last point is often the easiest to overlook: don't trade if you're not confident. Holding cash is also part of trading. First, protect your capital before talking about profit growth. Success depends on your win rate, not on acting every day.
These 9 rules are not complicated individually, but executing them together is the real dividing line.