Five Golden Rules of Cryptocurrency Trading, Must Read!
1. Fast Rise Slow Fall, Whales Hoard
• Rapid increase, slow decrease: Whales may be accumulating, preparing for the next rally.
2. Fast Fall Slow Rise, Whales Sell
• Sharp drop, slow rise: Whales may be selling in batches, the market might enter a downtrend.
3. Top Trading Volume Patterns
• High Volume, Don't Sell Quickly: High trading volume at peaks indicates potential for further increases.
• No Volume, Exit Quickly: Decreasing volume at peaks suggests lack of momentum, need to exit quickly.
4. Bottom Trading Volume Patterns
• Caution with Single Large Volume: Increased volume at the bottom may indicate a false rebound.
• Buy with Continuous Large Volume: Continuous increase in volume at the bottom may signal a reversal.
5. Trading Cryptocurrency is Trading People's Sentiments
• Market sentiment and consensus determine the rise and fall of coin prices, trading volume is the barometer of market sentiment.
Recently, I plan to ambush a potential coin that has a chance to explode, doubling is quite simple, with an expected space of 10 times upwards. Feel free to ask in the comments if you want to know more.