Master these few mantras, and you'll easily make a guaranteed profit 100 times in the cryptocurrency space!
Sharing some insights on trading:
Price breaks through key lines, don't miss short-term opportunities
Explanation: Once the price breaks through an important support or resistance level, there may be a short-term trading opportunity, don't hesitate, seize it quickly.
After a big rise there's a pullback, don't rush to buy at the high
Explanation: After a significant price increase, there is often a pullback process; during this time, don't be anxious to chase the high price, stay steady.
If the price rises but volume doesn't increase, the main force might be deceiving you
Explanation: If the price goes up but the trading volume hasn't changed much, it might be that the main force is playing tricks to attract retail investors, so be cautious.
Don't panic when there's a sharp drop with low volume, but withdraw when there's a gradual drop with increasing volume
Explanation: When the price drops sharply but the trading volume is small, don't rush; if the price is slowly falling and the volume is increasing, then you should retreat quickly.
When the main rise accelerates, the peak might be near
Explanation: When the price is rising rapidly, it could be nearing the peak, so keep an eye out for top signals and be prepared.
Don't chase highs when buying, wait for a pullback to take action
Explanation: When buying cryptocurrencies, don't wait until the price has already risen very high to buy, as that poses too much risk. It's best to wait for a pullback when the price is relatively more reasonable to buy.
Look at both daily and weekly charts, the main force's movements are key
Explanation: When observing price trends, don't just look at the daily chart; you also need to consider the weekly chart or even longer-term charts to better grasp the main force's movements and market trends.
Don't panic over small rises and falls, but be cautious during big surges
Explanation: When the price fluctuates slightly, there's no need to worry; but if the price continuously rises sharply, then you need to be alert and not let the market's enthusiasm cloud your judgment.
If the price hits a new low with shrinking volume, it might be a bottom: when trading volume rebounds and price rises, it’s a good time to enter
Explanation: If the price drops to a new low and the trading volume is also shrinking, it might be at a bottom position; when the trading volume starts to rebound and the price begins to rise, that's a good time to enter the market.