$ETH Do you know the 5 laws of bull market layout?
Law 1: Fast rise and slow fall may be accumulating chips
When the price of a currency rises rapidly but falls slowly, it often means that the dealer is quietly accumulating chips, and its purpose is to prepare for the next round of rising market.
Law 2: Fast fall and slow rise may be shipping
If the price of a currency falls rapidly and then rises slowly, it is likely that the dealer is gradually selling the currency in his hands, which indicates that the market is about to enter a falling cycle.
Law 3: Don't rush to sell at the top, and withdraw quickly at the top without volume
If the transaction volume is large when the price of the currency is at the top, it may continue to rise in the future; but if the transaction volume shrinks at the top, it means that the momentum for the rise is insufficient. At this time, you must leave the market as soon as possible to avoid losses.
Law 4: Wait and see if the volume increases at the bottom, and consider buying if the volume continues to increase
When the price of the currency is at the bottom, if there is a phenomenon of increasing volume, it is very likely just a relay situation in the process of falling, and we have to continue to observe; if there is a continuous increase in volume, it means that funds are flowing in continuously, and then you can consider buying.
Law 5: The essence of playing with coins is to speculate on emotions, and consensus is reflected in trading volume
You must know that the fluctuation of currency prices is actually determined by market sentiment, and trading volume just reflects the consensus of the market and the behavior of investors.
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The above content only represents personal opinions and does not constitute any investment advice!