Friends in the crypto community, today let's talk about trading cryptocurrencies. I have summarized five practical experiences that I hope can help you.
Prices rise quickly and fall slowly, indicating that the major player may be accumulating. If the coin price is skyrocketing while falling back slowly, it is likely that the major player is quietly collecting chips, preparing for the next big rise. At this time, we need to be patient and ambush alongside the major player; perhaps we can make a significant profit.
Prices fall quickly and rise slowly, indicating that the major player may be offloading. Conversely, if the coin price suddenly drops to the bottom and then slowly rises, it is likely that the major player is offloading. At this time, we need to be cautious, as the market may be entering a downward cycle, so quickly look for opportunities to withdraw.
If there is a large volume at the top, don't rush to sell. If the coin price reaches the top with particularly large trading volume, don't rush; it may continue to rise. Because high trading volume indicates that everyone is optimistic about this coin, and the market is heating up, it can still push further. But if the trading volume at the top shrinks, then it's time to run, as it indicates insufficient upward momentum.
If there is large volume at the bottom, don't rush to buy. If the coin price drops to the bottom and the trading volume suddenly increases, it may be a continuation of the downward trend, so further observation is needed. But if the trading volume continues to expand, it indicates that funds are continuously entering, and buying can be considered. At this time, we need to keep our eyes open and seize the right moment to enter.
Trading cryptocurrencies is about trading emotions; public opinion is the trading volume. In simple terms, price fluctuations are caused by market sentiment. If everyone is optimistic about this coin, the price rises; if not, the price falls. Trading volume reflects market opinion and investor behavior. Therefore, we must always pay attention to market sentiment and public opinion trends to better grasp market movements.
Lastly, I want to say that in trading cryptocurrencies, one must control their hands and maintain a good mindset. Don't let momentary price fluctuations cloud your judgment, and don't be discouraged by temporary losses. Risk management is an art that must be learned gradually. Heed advice, fill your stomach, and wisdom will come in time. If you're struggling with the market situation, feel free to come and chat with me!
In the next layout direction, I will guide everyone to target the lucrative opportunities in altcoins, especially those with great potential. A projected gain of over 10 times is definitely possible. If you want to make big money in a bull market, like and comment, and I'll take you through the entire bull market layout.
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