4_Tips_for_a_6-Figure_Monthly_Passive_Crypto_Income

in #htx • 2 months ago

4 Strategies to Achieve a Six-Figure Monthly Income Without a Traditional Job in the Crypto Space

Discover how to generate a six-figure monthly income without a conventional job immediately upon entering the cryptocurrency world. Here are four straightforward yet effective methods.

This approach is highly practical. I personally achieved over six figures in a single month using it. It involves four key stages: choosing the coin → purchasing → managing positions → selling. I'll clarify every detail thoroughly. (Strongly recommend saving this and reviewing it often.)

After testing numerous trading techniques, this is the one that delivered consistent profits for me. I still apply it today due to its high efficiency and stability.

Step 1

Include coins featured in the daily top gainers on your watchlist. However, omit those that have declined for over three consecutive days—this often signals that institutional investors have exited.

Step 2

Examine the candlestick chart and concentrate solely on monthly MACD golden crosses. All these can be conveniently verified on the OKX platform.

Step 3

Shift to the daily chart and observe only the 60-day moving average. When the coin price pulls back to this level and forms a high-volume candle, initiate a substantial position.

Step 4

After entering a trade, treat the 60-day moving average as your benchmark. Remain in the position if the price holds above this line; exit if it dips below. Follow these three specific guidelines:

  • First, when the price surges over 30%, liquidate one-third of your holdings.
  • Second, if the price climbs beyond 50%, sell an additional third.
  • Third—and most critical—is this: should you purchase on day one and the price unexpectedly breaches below the 60-day MA the following day, exit entirely without delay. Avoid clinging to hope.

Although this monthly + daily selection approach makes breakdowns below the 60-day MA uncommon, maintaining risk awareness remains essential.

In cryptocurrency, safeguarding your capital is paramount. Even after selling a position, you can always re-enter when a valid buy signal reappears.

“If the price falls below the 60-day MA, exit completely. Don't anticipate a rebound.”

In essence, never be inflexible in crypto. Adaptability is key to long-term success. Think creatively, continuously learn, and gain practical experience to thrive in this field!

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