Practical precautions for buying the bottom or escaping the top of the currency circle!
Callback and trading volume observation: When the currency price rises and then there is a callback, but the trading volume does not decrease significantly, it indicates that the market is still active and may continue to rise. But if prices hit new highs and volume drops, be wary that a top may be approaching.
Observation of bottom shock: When the currency price hovers at a low level for a long time, do not rush to buy. Watch to see if it bottoms out again and then suddenly rebounds. If this becomes a trend, it could be a good buying opportunity.
Callback after bottom breakthrough: The currency price suddenly rises after oscillating at the bottom for a long time, but then falls back, so there is no rush to buy. Waiting for another breakout could be a sign that a real rise has begun, with potentially considerable gains.
Be wary of high sideways trading: After the currency price rises, it begins to trade sideways. You need to be vigilant when frequent small fluctuations occur. This kind of sideways movement may be a market-induced entry, and actual risks are accumulating. It is important to set clear stop loss points to avoid getting stuck. For more bull market layout strategies, check out Xia Fang! Free ➕👗 ➕🌍 BNB0098
Summary: Clarifying the buying and selling criteria before trading and setting an effective stop-loss strategy are the keys to protecting funds.