The rise and fall of cryptocurrency prices is quite a complex matter! If you want to compete with those big players, you must understand the intricacies involved!
First, if the price of the cryptocurrency keeps rising like a rocket, but falls slowly, then it's likely that the big players are quietly buying at low prices. They intentionally let the price gradually pull back to encourage anxious retail investors to sell quickly, allowing themselves to buy at a bargain. At this time, don't panic; keep a close eye on the changes in volume and price, as the next big surge might be just around the corner!
Conversely, if the price of the cryptocurrency is plummeting like a waterfall but crawls back up like a snail, you should be cautious. This may indicate that the big players are secretly offloading at high prices. By the time you notice something is wrong, the bear market might have already arrived. Don't be fooled by the slow increase in price—if you need to exit, do so without hesitation!
Now let's talk about high trading volumes. If the price has skyrocketed and the trading volume is still surging, don't rush to liquidate your holdings. This indicates that the market still has momentum, and there might be another wave of movement that can bring you profit. However, if the trading volume starts to shrink, it's time to retreat. After all, if there's no one to take over, this trend won't last long.
Lastly, you should also pay attention to the trading volume at the bottom. If the trading volume suddenly spikes, don't rush in immediately. This could just be a brief respite during a downward trend. But if the trading volume steadily increases, it suggests that someone is quietly accumulating below. The opportunity for a reversal might be right in front of you!
Competing with big players requires you to learn to observe the rhythm of cryptocurrency prices and the subtle changes in volume and price. Only then can you maintain an undefeated position in this market!
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