Essential trading rules and methods to make money in the crypto world; in a bull market, you need to remember these trading rules!
1. Buy horizontally and buy dips, don’t buy vertically; the selling point is where the noise is:
Buy when the price of the coin is stable or slightly corrected, avoiding blind chasing when the price rises sharply. When market enthusiasm peaks and the crowd is buzzing, it is often a good time to sell.
2. Continuous small rises are real rises; continuous large rises mean to exit.
If the price of the coin continues to rise slightly, it is likely a real upward trend. However, if there is a continuous large rise, be cautious; it may signal that a bubble is about to burst, and it is best to exit and observe.
3. A significant surge needs to retest; don’t dig deep pits or buy large amounts.
When the price of the coin suddenly rises sharply, there will often be a demand for a pullback. If this pullback isn’t deep, then don’t buy easily. The real buying opportunity often appears after the price has undergone a deep pullback.
4. An accelerated rise in the main phase means to look for a peak; sell quickly on sharp drops and sell slowly on gentle rises.
When the price of the coin accelerates in the main rising phase, it often indicates that it is about to peak. At this time, if the price drops rapidly, sell quickly; if the price rises slowly, you can sell gradually.
5. A sharp drop without volume is intimidation; a slow drop with volume means to withdraw quickly.
If the price of the coin suddenly drops significantly but the trading volume is not large, this may be a market intimidation act. However, if the price drops slowly but the volume is increasing, then be cautious; this may be a signal of capital fleeing, and you should withdraw quickly.
6. When the price breaks through the lifeline, don’t hesitate to make wave operations on the lifeline.
Usually refers to some important technical indicator lines or moving averages. If the price of the coin breaks through these lifelines and continues to rise, don’t hesitate, decisively perform wave operations.
7. Pay attention to the daily and monthly charts, build your position following the main force.
Daily and monthly charts are important tools for observing market trends. By carefully analyzing these charts, you can better grasp the main force and trends of the market, thus establishing your own position.
8. If the price of the coin is rising without volume, the main force is luring you, don't stand guard.
If the price of the coin is rising but the trading volume does not increase significantly, this may indicate that the main force is luring you. At this time, do not blindly follow the trend to buy, lest you become a 'scalped' retail investor. A decrease in volume at a new low indicates a bottom; an increase in volume during a rebound means to enter. When the price reaches a new low after a decrease in volume, this often signals the bottom. If the trading volume starts to increase alongside a price rebound, it is a good time to enter.#加密市场反弹 