A few points to note when buying at the bottom or escaping at the top of the currency circle!
1. When the currency price rises, it pulls back, but the trading volume has not decreased much, which means that the market is still hot and may continue to rise.
But if the price hits a new high, but the trading volume is less, then you have to pay attention, it may be close to the top.
2. The currency price has been lingering at a low level for a long time, don't rush to buy. See if it will bottom out again, and then rebound back in a flash.
If this reversal is successful, it is a good time to buy.
3. The currency has been lingering at the bottom for a long time, and suddenly one day it rushed out, and then fell back.
Don't worry, wait for it to rush again, then it may really take off, and the increase may be not small.
4. The currency price has been soaring all the way, and then it starts to go sideways, with small fluctuations up and down.
At this time, you must be vigilant, it may be that the market is tempting you to enter the market, but in fact, risks are already quietly accumulating.
Remember to set a stop loss, don't be trapped.
In short, set the buying and selling points and stop loss line before trading. This is the hard truth to protect your wallet.
