5 laws of cryptocurrency trading in the cryptocurrency circle!
1. Rapid rise and slow fall means accumulating chips.
Rapid rise but slow fall means that the dealer is accumulating chips and preparing for the next round of rise.
2. Rapid fall and slow rise means selling.
Rapid fall but slow rise means that the dealer is gradually selling and the market is about to enter a falling cycle.
3. Don't sell at the top, and run away if there is no volume at the top.
If the top volume is large, it may continue to rise; but if the top volume shrinks, it means that the upward momentum is insufficient, and leave as soon as possible.
4. Don't buy at the bottom, but you can buy if the volume continues to increase.
The bottom volume may be a relay of decline, which needs to be observed; continuous volume means that funds are constantly entering, and you can consider buying.
5. Cryptocurrency trading is about emotions, and consensus is trading volume.
Market sentiment determines the fluctuation of currency prices, and trading volume reflects market consensus and investor behavior!
Attachment: Summary of Shipan on July 16!