5 Laws of Cryptocurrency Trading in the Cryptocurrency Circle
1. If the price rises quickly but falls slowly, it means that the main funds are quietly accumulating chips and preparing for the next wave of pull-ups.
2. If the price falls quickly but rises slowly, it means that the main funds are gradually selling, and the market may enter a downward phase.
3. Don't rush to sell when the top volume is large, and run quickly when there is no volume at the top. If the top volume is large, it means that there may be room for further increases, but if the volume shrinks, it means that the momentum is insufficient and it is time to withdraw.
4. Don't rush to buy when the bottom volume is large, and consider it again when the volume continues to increase. The bottom volume is sometimes a signal of a downward relay, and you cannot enter the market blindly, but if the volume continues to increase, it means that funds are entering the market, and you can consider layout.
5. Cryptocurrency trading is about emotions, and trading volume reflects consensus. Currency price fluctuations are dominated by market sentiment, and trading volume reflects the market consensus and the trend of funds.
This is how the cryptocurrency world works. Emotions and funds determine everything. Only by grasping these points can you be invincible in the market!
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