Points to note when buying the dip or selling the top in the crypto market!
1. When the price of a cryptocurrency rises, if there is a pullback but trading volume remains high, it indicates that the market is still active, and the price may continue to rise.
However, if the price reaches a new high while trading volume decreases, it is a warning sign that the top may be near.
2. If the price of a cryptocurrency lingers at a low level for a long time, do not rush to buy. Watch to see if it will test the bottom again and then rebound sharply.
If this reversal happens, it could be a good buying opportunity.
3. If a cryptocurrency has been hovering at the bottom for a long time and suddenly breaks out, then falls back again.
Don’t rush; wait for it to break out again, as that could indicate it is truly about to take off, and the price increase might be significant.
4. If the price of a cryptocurrency is surging and then starts to move sideways with small fluctuations.
At this point, be cautious, as the market may be tempting you to enter, while risks are quietly accumulating.
Remember to set stop-loss orders to avoid being stuck in a position.
In summary, before trading, set your buy and sell points and stop-loss lines; this is the hard truth for protecting your wallet.#比特币关键区间