The five laws of currency speculation are as follows:
First, if the price rises rapidly but falls slowly, it means that the price is accumulating a large amount of chips and preparing for a new round of rising prices.
Second, if the price falls rapidly but rises slowly, it means that the price is selling. Once the price falls rapidly but rises very slowly, it means that the price is gradually selling its positions, indicating that the market is about to enter a falling cycle.
Third, when it is in the top range, there is no need to rush to sell in the case of large volume, but if there is no volume at the top, you need to withdraw quickly. When there is a large volume at the top, the price may still have the momentum to rise; but if the volume at the top shrinks, it means that the momentum to rise is already lacking, and you should leave the market as soon as possible to avoid risks.
Fourth, in the bottom area, if there is only a large volume, it is not suitable to buy, but if there is a continuous large volume trend, you can consider entering the market. The increase in volume at the bottom may just be a brief pause on the way down, and further observation is still needed; only when there is a continuous increase in volume, it indicates that funds are pouring in continuously, and at this time it can be included in the consideration range of buying.
Fifth, the essence of currency speculation is to speculate on market sentiment, and market consensus is reflected in trading volume. The ups and downs of market sentiment directly affect the fluctuation trend of currency prices, and the size of trading volume truthfully reflects the degree of market consensus and the actual behavior patterns of investors.
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