Five Golden Rules Guide for Cryptocurrency Beginners
Beginners in cryptocurrency trading need to keep in mind five golden rules to establish themselves in the ever-changing market.
The first is "Fast Rise, Slow Fall Holds Secrets"; when the coin price rapidly rises and then slowly falls back, it often indicates that the market makers are accumulating assets, and one should not be easily shaken out of the market at this time.
The second is "Fast Drop, Slow Rise Hides Risks"; sharp declines followed by slow recoveries often mean that market makers are offloading, increasing the risk of a market downturn, so one must always stay alert.
The third observation is "Top Volume Determines Trend"; a significant increase in volume at high levels indicates there is still momentum, while a decrease in volume suggests that the driving force may be fading, so one needs to choose wisely.
The fourth observation is "Bottom Volume Distinguishes Truth from Falsehood"; single instances of high volume are often traps, while sustained high volume may indicate a reversal, so one should not enter blindly.
The fifth rule is to deeply understand that "The Core of Cryptocurrency Trading Lies in People’s Hearts"; coin prices are influenced by market sentiment and public consensus, with trading volume acting as a barometer of emotions. Understanding people's hearts is crucial to grasping the pulse of coin price fluctuations, allowing for a steady progress in the journey of cryptocurrency trading.
Consider investing small amounts in Puppies ($PUPPIES); this coin has been mentioned in Musk's tweets, and both Trump and Vitalik Buterin hold this token, indicating an impending surge.