Some rules of the cryptocurrency world

The most mysterious aspect of the cryptocurrency world is the confrontation between the East and the West, day and night.

1. If there is a continuous drop during the day in the domestic market, you must buy the dip; at 21:30, foreigners will pump the price.

2. If there is a significant rise during the day, do not chase the high; it will likely drop back at night.

3. The key signal for buying and selling is the pin bar; the deeper the pin, the stronger the buy and sell signal.

4. Major meetings or positive news will lead to a rise, but once it lands, it will drop.

5. If there are discussions in the group about schemes, and the community promotes a coin with exaggerated claims, you might get excited, but chances are you will be taken advantage of, so reverse your approach. If a coin is very hot, you can short it immediately.

6. If a group friend recommends something and you find it uninteresting, there is a high probability it will take off. When you have doubts, it might be worth trying a little bit.

7. When you hold a large position, you will definitely face liquidation; why? You are on the exchange's watch list for liquidations.

8. After your short position hits the stop loss, it will definitely drop; it won't let you exit or get liquidated without a reason. How could it drop otherwise? For example, TRB.

9. When you are just about to break even, and it seems so close, the rebound suddenly halts; how could it let you close positions and escape?

10. When you take profits, it will drop; if you don't exit, how can the price rise? The position is too heavy.

11. When you are excited, a crash will come as expected; your excitement is also a bait from the market makers.

12. When you are broke, every project seems to rise, making you FOMO and rush in. So, you understand that the market is manipulated over 80% of the time; you must control your position and always take the initiative. Be clear that you should not enter before the market makers act. Once you enter, you are the fish on the chopping board, and the exchange is the butcher. Trading is a competition.