Must review, must review, must review
In fact, many things are understood by everyone, but they cannot control their hands and manage their mindset, ultimately getting hurt badly! Risk management is a discipline! Listen to advice, and you'll be well-fed! Wisdom equals ability to follow trends; if you can't see the market well, you can find ways to make it work!
5 Rules for Trading in the Crypto Market
1. Fast rises and slow declines indicate accumulation. Rapid price increases but slow decreases indicate that the market maker is accumulating chips, preparing for the next round of increases.
2. Fast declines and slow rises indicate distribution. Rapid price decreases but slow increases mean that the market maker is gradually selling off, and the market is about to enter a downward cycle.
3. Don't sell at the top with high volume; run quickly when there's no volume at the top. High trading volume at the top may indicate continued increases; however, if the trading volume at the top shrinks, it shows insufficient upward momentum, so exit quickly.
4. Don't buy with high volume at the bottom; continuous high volume may indicate a buying opportunity. Continuous high volume shows that funds are continuously entering, which can be considered for buying.
5. Trading in cryptocurrency is about trading emotions; consensus equals trading volume. Market sentiment determines the price fluctuations of coins, and trading volume reflects market consensus and investor behavior!