A must-read for novice retail investors: Beware of whales' movements and protect your property!

In the cryptocurrency market, those big players, we call them "whales", always play some tricks to get benefits, so novice retail investors should be careful.

Their common methods are:

Liquidity "hunting": Whales will stare at those places with active transactions, and when they see that many people have set stop-loss orders, they will deliberately let the price fall to that point, and then everyone will sell, so they can pick up a lot of "treasures" at a low price.

Fake selling: They will also sell a lot at once, causing market panic, and the price will fall. After we are scared to sell, they will buy it back at a low price, and we will lose a lot.

False breakthrough: Whales will deliberately let the price fluctuate to lure us into the market. First, pull the price above the resistance level, so that we think it is a good opportunity to buy quickly, and then they will sell a lot, and the price will fall all of a sudden.

How to avoid these pitfalls?

Pay more attention to market dynamics and know what whales are doing. Don't set the stop-loss order too tight to avoid being targeted by whales. Don't bet all on one price when buying, spread the risk.

If you want to protect your transactions and not be manipulated by whales, join the detective and get more useful information and strategies! #热门话题 #BTC☀ #RATS #WIF王者归来

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