4 Tips to Earn a 6-Figure Monthly Income Without a Day Job in Crypto

in #crypto • last month

4 Proven Tips to Achieve a 6-Figure Monthly Income Without a Day Job After Joining the Crypto World

Discover how to earn a six-figure monthly income without a traditional job shortly after entering the crypto space. Here are four straightforward yet effective strategies.

This method is remarkably simple and highly effective. I personally applied it to generate over six figures in a single month. It revolves around four core steps: coin selection → purchase → position management → sale. I'll clarify each detail comprehensively. (Strongly advise saving and reviewing this guide regularly.)

After testing numerous trading approaches, this is the strategy that delivered consistent profits for me. I continue to use it today due to its exceptional stability and efficiency.

Step 1

Add coins featured on the daily top gainers list to your watchlist. Exclude any with three or more consecutive down days, as this typically signals that smart money has exited.

Step 2

Examine the candlestick chart, focusing exclusively on monthly MACD golden crosses. All these indicators are easily accessible on the OKX platform.

Step 3

Switch to the daily chart and monitor the 60-day moving average. When the price retraces to this line and forms a high-volume candle, initiate a large position.

Step 4

Once in a trade, treat the 60-day moving average as your baseline. Maintain your position if the price stays above it; exit if it drops below. Adhere to these three precise rules:

  • First, sell one-third of your position if the price surges over 30%.
  • Second, sell another third if it rallies beyond 50%.
  • Third—and most vital—if you buy on day one and the price unexpectedly breaches the 60-day MA the next day, exit entirely without delay. Avoid holding out for a rebound.

Although this monthly and daily selection method rarely results in breakdowns below the 60-day MA, prioritizing risk management remains crucial.

In crypto, safeguarding your capital is non-negotiable. Even after exiting a position, you can re-enter when a valid buy signal reemerges.

“Exit completely if the price falls below the 60-day MA; never hope for a recovery.”

Ultimately, flexibility is essential in crypto trading. Adaptability ensures long-term survival. Stay mentally agile, continuously learn, and gain practical experience to thrive in this dynamic environment!

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