Level one and level two are different.

In a bull market, level two means chasing the leaders, and the main upward wave of the leaders is to buy on the dips, rather than betting on weak rebounds.

For level one, you need to observe the market capitalization; candlestick charts have little guiding significance.

It's normal to rise several times in a day and then drop by 80%.

Many people coming from level two, when faced with hot stocks, looking at candlestick charts from the perspective of the main upward wave, will get caught off guard.

Level one can only look at market capitalization and then analyze the risk-reward ratio.