A great gift of the secrets of cryptocurrency trading!
This is what the top bosses have summarized over the years, and now I share it with you.
1. Volume: As the saying goes, "before the troops move, the food and grass must go first". In the early stage of trend formation, volume is an indispensable link. Especially the first volume increase after a long period of sideways trading, we need to pay special attention to it. But this is not the best entry point. Generally speaking, after the trial market callback and the main force washing, the second volume increase is our real good opportunity.
2. Price: Usually look at the closing price. No matter how ups and downs the process is, as long as the closing price can be stabilized, it means that the main force is here for real! This is the key to distinguish true and false breakthroughs. In summary, if the closing price can be closed above the pressure level, the probability of a true breakthrough will be greatly increased.
3. Time: Before the breakthrough occurs, the coin price should have experienced a long period of shrinking sideways trading, which should last for more than 3 months, and the concentration of chips should be less than 10%. Only in this way can the main force of the currency absorb more fully, and it will have stronger explosive power when it rises later.
4. Short: Find the key pressure point. The pressure point here may be the starting and falling position of the previous large-scale adjustment, or the neckline position of the W bottom or the head and shoulders bottom, or the integer level of the currency price. As long as the pressure point is clear, once the currency price breaks through later, the room for increase can be easily measured.
