5 Laws of Trading in a Bull Market, Must Master!!!!
1. Rapid Rise and Slow Fall is Accumulation
When the price of a cryptocurrency rises rapidly, but falls slowly, it usually means that large funds are quietly accumulating chips, preparing for the next wave of increase.
2. Rapid Fall and Slow Rise is Distribution
If the price of a cryptocurrency falls sharply, while the rebound is slow, it indicates that the operators are secretly distributing, and the market may have entered an adjustment or downtrend.
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3. Don't Rush to Sell When Volume Increases at the Top; Get Out Quickly When There’s No Volume at the Top
If the price increases significantly at the top with a notable increase in trading volume, it may mean that the upward trend is still ongoing; however, if the trading volume starts to shrink, then the upward momentum is insufficient, and exiting in time is safer.
4. Don't Rush to Buy When Volume Increases at the Bottom; Continuous Volume Increase is the Buying Point
Volume increase at the bottom can sometimes be a continuation signal of a decline, but if there is continuous volume increase accompanied by capital inflow, it is a reliable buying opportunity.
5. Trading Cryptocurrencies is Essentially Trading Emotions, Consensus is Reflected in Trading Volume
The price fluctuations of cryptocurrencies are largely driven by market emotions, and trading volume represents the market consensus, reflecting the collective actions of investors and the true heat of the market.