Five Key Laws of Cryptocurrency Trading
Law One: Rapid Rise and Slow Fall Indicates Accumulation
When the price rises sharply and falls slowly, the operators are accumulating for the subsequent upward trend.
Law Two: Rapid Fall and Slow Rise Indicates Distribution
When the price falls sharply and rises slowly, the operators are distributing, and the market will enter a downward phase.
Law Three: Volume at the Top Indicates Caution
When there is high volume at the top, the price may still have momentum, so there is no need to rush to sell; if there is no volume, it indicates that momentum is exhausted, and it is advisable to exit quickly to avoid risks.
Law Four: Volume at the Bottom Indicates Caution
When there is only volume at the bottom, it may indicate a pause in the downward trend, and it is not advisable to buy; if there is sustained volume, indicating an influx of funds, it may be worth considering entering.
Law Five: Trading Cryptocurrencies is Trading Market Sentiment
Trading cryptocurrencies is about trading market sentiment; trading volume reflects market consensus and investor behavior patterns, driving price fluctuations.