General rules of the cryptocurrency circle
In the cryptocurrency circle, it used to be like a fight between the East and the West, and the market was not quiet day and night.
Especially from 9:30 pm to 7:30 am, it was extremely lively, and the big rise was basically in the early morning. Therefore, if you want to be a qualified trader, you have to get enough energy at night and get up at 4 am to check the market.
There are some rules here, you have to know:
If it keeps falling during the day, don't worry, foreigners may come to pull it up at 9:30 pm, then you can buy the bottom.
But if it rises fiercely during the day, it may fall back at night, so don't chase it at this time.
When buying and selling, you have to look at the pin. The deeper it is, the more obvious the signal.
Once there is a major meeting or good news, the price will rise first, and then fall immediately when the news comes out.
If everyone in the group is discussing which coin is good and exaggerating it, then you have to be careful, it is probably a pit, you have to think the other way around. If a coin is hot, you can consider shorting it.
Coins that are not interesting to you and recommended by group friends may bring you surprises, so you can try it out.
Once you have a heavy position, you have to be careful of liquidation, because the exchange is watching you.
After the short position stops loss, the price will definitely fall. How can they make money if they don't trick you out of the car?
When you are about to get out of the trap, the rebound may stop, just to let you run away quickly.
When you stop profit, the price will rise, because if you don't get out of the car, how can the dealer pull the market?
Once you are excited, the plunge will come, and that's all the dealer teasing you.
When you have no money, you see that all projects are rising, and you feel itchy in your heart, and they all want you to enter the market quickly.
Therefore, you have to understand that more than 80% of this market is mined. You have to control your position, don't rush to get out, and wait until the dealer's action is clear.
Trading requires patience, determination, and timing. There are new tricks in the currency circle every day, I hope these can help you.
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