The Five Iron Rules of Cryptocurrency Trading You Must Remember!
If it rises quickly and falls slowly, it means the market makers are secretly accumulating. They want to quickly drive up the price and then slowly let it fall, quietly gathering more chips in preparation for the next big surge.
Conversely, if it falls quickly and rises slowly, it means the market makers are beginning to retreat. They are eager to sell off their holdings, which causes the price to drop rapidly. Then, they will slowly push the price up to attract retail investors, but by that time, the market has already entered a downtrend.
If there’s a large trading volume at the top, don’t rush to sell. That may just indicate high market enthusiasm and still have room for further increases. But if the trading volume is low at the top, you need to exit quickly, as this indicates a lack of upward momentum.
If there’s a large trading volume at the bottom, don’t rush to buy. That may just be a small rebound during a downtrend, and you should wait and see. But if the trading volume remains high, it indicates that funds are continuously flowing in, and this is the time to consider entering the market.
In cryptocurrency trading, it’s actually about everyone’s emotions. When market sentiment is good, the coin price rises; when market sentiment is poor, the coin price falls. Trading volume reflects the consensus of everyone and is a manifestation of investor behavior.
Everyone understands these principles, but the key is to control your impulses and maintain a good mindset. Don’t let temporary price fluctuations cloud your judgment, as it can leave you with scars. Risk management is a profound knowledge! Listening to advice can help you eat your fill! Those with wisdom understand to follow the trend; when you can’t see the market clearly, remember to ask someone for advice!
Recently, I plan to ambush a potential coin that is ready to explode, doubling my investment is quite simple. At the same time, I also plan to find some potential coins to hold until the end of the year, expecting a growth space of over 10 times is not a problem. If you want to keep up, watch me, leave a message, follow, and like, Gold. Skirt.
