What situations might be a golden dog?
(1) Observe the movements of smart money through tools
If it’s a good thing, there will definitely be smart money entering the market in large amounts at the opening, taking the chips of those on the inner plate, because they believe it will go very high
(2) Judge by trading volume
A good dog with emotions will definitely have huge trading volume at the opening. If the volume spikes to 1 million or even several million in an instant, then this is at least an emotionally good dog, but just having this is not enough to determine whether to enter, as entering might be at the top
(3) Assess the front row holding volume
If the top 10 in the front row is too high, reaching 50% or even more, then it’s better to wait a bit until the front row’s inventory is mostly sold before entering. If the front row is around 30%, for a dog with emotion and momentum, it can actually be a go, because there may be a situation where this percentage decreases, the front row sells out while the price rises, of course, it’s best to be around 20%, and if it meets the previous conditions, it can be directly entered
(4) Always remember to break even and take profits; the vast majority of golden dogs that can reach 10 million do not last more than 7 days, and some even do not last more than 1 day