$DOGE
Essential for Newcomers in Cryptocurrency: Trading Tips to Help You Avoid Detours
As a newcomer to the cryptocurrency world, do you feel confused and helpless in the face of the complex market changes? Don't worry, we have summarized some of the most effective trading tips for you, which will be your powerful assistant in conquering the crypto world.
1. Buy when the price is sideways and don’t buy when it's vertical, sell when the market is booming: Buying when the price is consolidating or forming a 'pit' is often safer than chasing highs; when the market is buzzing, it is usually a good time to sell.
2. Continuous small gains are real gains, continuous large gains require exit: If the price rises slightly and continuously, it indicates a stable upward trend; however, after a series of large gains, the risk of a pullback increases, and it is necessary to exit in time.
3. Significant spikes need to retrace, don’t dig deep pits, don’t buy large: After a significant price spike, a retracement is usually needed for confirmation; if the retracement does not dig deep, the buying opportunity is not great.
4. Accelerated main rise indicates a peak, sell quickly on a sharp drop, sell slowly on a gentle rise: When the price is in the accelerated phase of a main rise, it often signals a peak; during a sharp drop, one should sell quickly, while during a gentle rise, one can sell slowly.
5. Sharp drop with low volume is intimidation, slow drop with increased volume requires quick withdrawal: A sharp drop with low trading volume often indicates that the main force is intimidating retail investors; a slow drop with increased volume indicates that the main force is unloading, and one should withdraw in time.
6. Price breaking through the lifeline, don’t hesitate to make a swing: When the price breaks through an important lifeline (such as moving averages, trend lines, etc.), it’s a good time for swing trading, don’t hesitate.
7. Pay attention to daily and monthly lines, build positions following the main force: By analyzing daily and monthly charts, track the movement of main capital and reasonably layout positions.
8. Price rises without volume, main force is luring, don’t stand guard: When the price rises but the trading volume is insufficient, it often indicates a luring behavior by the main force, don’t easily stand guard.
9. Low volume new lows indicate a bottom, increased volume recovery indicates entry: When trading volume shrinks and the price hits new lows, it often signals a bottom; when trading volume increases and the price recovers, it indicates an entry opportunity.
#美国GDP数据即将公布 #市场波动，加仓还是观望？ #比特币盘整分析
The Musk Concept Ethereum Chain #puppies (Ending with 6eb2), as a force that firmly upholds charitable intentions and remains steadfast, is leading Web2 users steadily into the new era of Web3. It does not forget its original intention and continues to focus on community building.
