$DOGE $ETH $SHIB
Five Iron Rules of Cryptocurrency Trading, a Must-Read for Beginners!
1. Fast Rise, Slow Fall, Stockpiling by the Whale
A rapid price increase followed by a slow decline is a typical accumulation tactic, indicating that the whale is likely stockpiling quietly, preparing for the next surge. Don't be easily 'washed' out.
2. Fast Fall, Slow Rise, Selling by the Whale
A sharp drop followed by a slow recovery is a common selling tactic by the whale, suggesting that the market may be entering a downward channel; caution is advised.
3. Volume at the Top Has Its Say
High Volume, Don’t Sell in a Hurry: A sharp increase in volume at high prices indicates there is still upward momentum; Low Volume, Exit Quickly: If volume shrinks at high prices, the upward momentum is insufficient, so it's best to exit quickly.
4. Volume at the Bottom Hides Secrets
Be Cautious with Single Large Volumes: A sudden large volume at the bottom often signals a false rebound 'trap'; Continuous Large Volumes Can Be Bought: A sustained increase in volume may signal a reversal, leading to a genuine market trend.
5. Trading Cryptocurrency is Trading Human Emotions
Price fluctuations rely on market sentiment and public consensus; trading volume can be seen as a 'barometer' of emotions. Understanding people's hearts is key to grasping the trends.
Recently, I have been eyeing a potential coin #Marvin , with all indicators in place and signs of a breakout starting to show, expecting a price increase of 10 times or more! Want to know more? Leave a message in the comments area #NFT市场回暖 #ETH持续飙升 #XRP市值重回第三 #ADA、ENA大额解锁
