Ten years of experience sharing from a cryptocurrency expert!
Five key rules of the crypto world
#币安HODLer空投KAITO 1. Rapid price increases and slow declines indicate accumulation.
A rapid rise but a slow fall suggests that the market makers are accumulating tokens in preparation for the next rise.
2. Rapid declines and slow increases indicate distribution.
A rapid drop but a slow rise means that the market makers are gradually selling off, and the market is about to enter a downward cycle. $ETH
#ETC 3. Don't sell at the top with high volume; run if there's low volume at the top.
High trading volume at the peak may indicate further increases; however, if trading volume diminishes at the peak, it signifies a lack of upward momentum, so exit as soon as possible.
4. Don't buy on high volume; continuous high volume may be a buy signal.
High volume at the bottom may indicate a continuation of the decline, which requires observation; continuous high volume indicates that funds are continuously entering the market, which may be a buying opportunity.
5. Trading cryptocurrencies is about emotions, and consensus is reflected in trading volume.
Market sentiment determines price fluctuations, and trading volume reflects market consensus and investor behavior!