The Five Iron Rules of Cryptocurrency Trading, A Must-Read!

When it rises quickly and falls slowly, it means the big players are quietly accumulating.

If a certain cryptocurrency rises rapidly but falls back slowly, you need to pay attention; this is likely the big players quietly gathering chips, preparing for another rise.

If it falls quickly and rises slowly, the big players may be unloading.

Conversely, if the price suddenly plummets and then rises slowly, this may mean the big players are gradually selling off, so we must be cautious; the market may be entering a downtrend.

High trading volume at the top, don’t rush to sell; low volume at the top, withdraw quickly.

If the price reaches a peak with particularly high trading volume, there might still be room for an increase; but if the trading volume decreases, it indicates insufficient upward momentum, and it’s time to run.

High trading volume at the bottom, don’t rush to buy; continuous increase in volume, you can consider entering.

If the price drops to the lowest point and trading volume suddenly increases, don’t rush; this could be a temporary rebound during the downtrend, so we need to observe further. But if the trading volume remains high, it indicates that someone is continuously buying in, and you can consider entering.

Trading cryptocurrencies is about trading emotions, and consensus is the power of buying and selling.

In cryptocurrency trading, it’s really about the feelings of everyone; market sentiment determines the rise and fall of prices. Trading volume reflects the consensus reached among participants, showing investors' buying and selling behaviors.