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🎁 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.
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Your fa
A buddy of mine who used to run a small business later shifted to the crypto space, focusing on trading strategies. Now his assets have long surpassed ten million. He shared a method with me that sounds simple and straightforward, but the results are indeed stable—centered around trading on the daily chart.
**Step 1: Look for MACD Golden Cross**
Only look for golden cross signals on the daily chart, especially those that form above the zero line. This is the best entry point. Many people get confused by the various timeframes; his advice is to stick strictly to the daily chart and not to overthink.
**Step 2: Use the Daily Moving Average as a Reference**
After entering the trade, only watch one moving average—the daily moving average. Hold as long as the price stays above it; sell if it breaks below. The logic is simple and clear. No need for complicated indicator systems; one line is enough.
**Step 3: The Timing for Full Position Entry**
Wait until the price breaks above the daily moving average with volume confirming the move, then go all-in. This is a key signal to confirm the trend.
**Step 4: Partial Exit Strategy**
There are three thresholds: sell one-third when the gain exceeds 40%; sell another third when the gain exceeds 80%; and if the price falls below the daily moving average, clear out the remaining position. No exceptions, no fantasies.
**Finally, this point is especially important—Risk Defense Line**
Although the probability of breaking below this method is very low, if a black swan event occurs the next day and the daily moving average is directly broken, you must sell everything immediately. Don't hold onto any hope; just wait until it reclaims the daily moving average to re-enter. Stop-loss is always the top priority.