The Five Iron Rules of Cryptocurrency Trading in a Bull Market, Must Remember!

First, when the price of a coin skyrockets, but drops slowly like a snail, it is undoubtedly someone hoarding. They are accumulating at low prices to prepare for a future surge. At this time, you need to keep your eyes open; the opportunity may be right in front of you.

Second, conversely, if the price of a coin plummets but rises hesitantly, be careful; it is likely the market maker is quietly selling their holdings. They want to sell their chips at high prices as the market may be about to decline. At this time, don’t foolishly wait to buy the dip; it’s best to withdraw quickly.

Third, at market highs, if the trading volume surges, don’t rush to sell. The market may still have upward momentum. However, if the trading volume suddenly decreases, you need to retreat quickly. This indicates that the market lacks the strength to rise, and if you don’t leave, you may get trapped.

Fourth, at market lows, if the trading volume suddenly expands, don’t impulsively buy. This may just be a small rebound in a downtrend. Be patient and observe; only if the trading volume continues to expand and funds keep flowing in is it a good time to enter the market.

Fifth, ultimately, trading cryptocurrencies is about trading people's hearts. When everyone’s thoughts are aligned and efforts are focused, the price of the coin can rise. In the stock market, "aligned thoughts" is reflected in trading volume. High trading volume indicates unanimous opinions, with everyone buying and selling; low trading volume indicates uncertainty, with everyone on the sidelines.

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