The Five Iron Rules of Cryptocurrency Trading in a Bull Market, Must Remember!
First, when the price of cryptocurrency soars and declines slowly, it may indicate that someone is secretly accumulating. They buy at low prices to prepare for a future surge. At this time, you need to be vigilant; the opportunity may be right in front of you.
Second, when the price of cryptocurrency plummets and rises hesitantly, it could be that the speculators are quietly unloading their holdings. They want to sell off their chips at a high price, and the market may be about to decline. At this point, don’t foolishly wait to buy the dip; it’s better to withdraw quickly.
Third, when the market is at a peak and trading volume surges, don’t rush to sell. The market may still have upward momentum. However, if trading volume suddenly decreases, you should retreat quickly. This indicates that the market lacks the strength to rise, and if you don’t leave now, you might get stuck.
Fourth, when the market is at a low point and trading volume suddenly increases, don’t impulsively buy in. This may just be a small rebound during a decline. Be patient and observe; if trading volume continues to increase and there’s continuous capital inflow, it’s a good time to enter the market.
Fifth, in essence, cryptocurrency trading is about trading people's sentiments. When everyone is united in their thoughts and efforts, the price of cryptocurrency can rise. In the stock market, "unity of thought" is reflected in trading volume. High trading volume indicates that everyone agrees and is buying or selling; low trading volume shows that people are uncertain and are observing.
