5 Laws of Cryptocurrency Trading in the Cryptocurrency Circle [Must Read]
1. Rapid Rise and Slow Fall is Accumulation
Rapid rise but slow fall means that the dealer is accumulating chips and preparing for the next round of rise.
2. Rapid fall and slow rise means selling
Rapid fall but slow rise means that the dealer is gradually selling and the market is about to enter a falling cycle.
3. Don’t sell at the top, run away at the top
If the top volume is large, it may continue to rise; but if the top volume shrinks, it means that the upward momentum is insufficient, and leave as soon as possible.
4. Don’t buy at the bottom, but buy if the volume continues to increase
The bottom volume may be a relay of decline, which needs to be observed; continuous volume means that funds are constantly entering, and you can consider buying.
5. Cryptocurrency trading is about emotions, and consensus is trading volume
Market sentiment determines currency price fluctuations, and trading volume reflects market consensus and investor behavior.
Market sentiment determines currency price fluctuations, and trading volume reflects market consensus and investor behavior.
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