The most classic cryptocurrency trading mantra in history, memorize it and benefit for a lifetime!
1: Do not trade during sideways movement, buy on upward breakouts and watch on downward breaks. Only when a clear bullish breakout signal appears with a significant upward candle is it a good opportunity to enter.
2: Buy on pullbacks that stabilize, sell on rapid surges; moving with the trend is the mark of a hero.
3: The first long bullish candle at the bottom, do not leave long upper shadows on pullbacks, hold onto your coins until the market closes.
4: Buy on bearish candles above the moving average, even if it's a mistake; sell on bullish candles below the moving average, even if it's a mistake.
5: A flattening 120-day line indicates a bear market has arrived; when the 120-day line starts to rise, buy decisively on pullbacks.
6: Reduce positions on significant declines, a low volume new low is a bottom; an increase in volume during a rise is key, confirm on the pullback to enter.
7: Low-level hovering hides danger, complacency causes a slippery slope; the evening star signals the end, never become a dead bull.
8: A high-level sideways movement followed by a surge, seize the opportunity to sell quickly; a low-level sideways movement with new lows is a great time to buy in fully.
9: Anticipate three consecutive bearish candles, a significant drop is certain; observe three bearish stars closely, don't rush but carefully discern.
10: Selling should have good market sentiment, positive news is followed by expectations, cold washing and hot selling is a prerequisite. A volume stagnation signals the end of the rally.
11: This year, do not buy the leading coins from the last bull market; do not buy coins that have been consistently dropping in the second half of the year.
12: Shorting requires bad news, the overall market is sluggish and needs cleansing. Continuous new lows with low volume signify the extreme of bearishness.