A summary of 8 years of experience in the cryptocurrency world worth 100 w
1. Fast rises and slow falls: a typical performance of stockpiling by operators. Rapid price increases attract retail investors, followed by slow price declines to accumulate stock. If the price rises quickly and the pullback is small, it is likely that the operators are accumulating positions; at this time, don't panic and patiently wait for the opportunity to buy at lower points.
2. Fast falls and slow rises: a warning of operators selling off. Sudden drops create panic, while slow rises occur at high prices. If you see fluctuations at high levels and volume does not continue to increase, do not chase high prices, and keep a close eye on exit signals.
3. Top volume: when volume is high and price rises, don't rush to sell; operators may be inducing more buying, and the market still has strength. If volume decreases rapidly at high levels, and there is insufficient buying pressure, a pullback is likely, so consider taking profits and reducing positions at the right time.
4. Bottom volume: do not act impulsively when there is a single instance of increased volume at the bottom, as it may be a false rebound or operators selling off; if there is sustained volume increase, it indicates capital inflow and market reversal. Pay attention to the sustainability of the volume.
5. Emotion is key: trading cryptocurrencies is essentially trading people's sentiments; emotions dictate trading volume. Increased volume indicates heightened emotions, while decreased volume suggests the market is cooling off; go with the trend and do not go against it.
Dao Ge is a loyal follower of Musk. Besides Big Dog and Little Dog, he has recently been optimistic about Musk's little puppies, which are currently very popular. Brothers are welcome to exchange ideas at #Meme齐涨 #doge⚡ #puppies,一级市场难得的金狗