Some Rules of the Cryptocurrency World
The most mysterious aspect of the crypto world is the East-West confrontation, day and night.
1. If there is a prolonged drop during the day in the domestic market, be sure to buy the dip; at 21:30, foreigners will pull up the market.
2. If there is a significant rise during the day, make sure not to chase the high; it will drop back at night.
3. The key signal for buying and selling is the spike; the deeper the spike, the stronger the buy and sell signal.
4. There will be a rise before major meetings or favorable news, but it will drop once the news is released.
5. When discussing plans in groups, if a community recommends buying a coin and it sounds too good to be true, you are likely to get scammed; it's best to reverse your position. If a coin is being heavily traded, you can short it immediately.
6. If a group member recommends something and you feel disinterested, it is highly likely to take off; when in doubt, consider trying with a small amount.
7. If you hold a large position, you will definitely face liquidation; why? Because you will be on the exchange's list of those being liquidated.
8. After your short position hits the stop loss, it will definitely drop; if they don't trick you into exiting or liquidate you, how could it drop? For example, TRB.
9. When you are close to breaking even, and just need a little more, the rebound suddenly stops; why would they allow you to exit safely?
10. When you take profits, the market will pull back; if you don't exit, how can they pump the market? The position is too heavy.
11. When you feel excited, a sudden crash is likely to come; your excitement is also a trap set by the manipulators.
12. When you are broke, and every project is rising, it will make you FOMO and rush to enter the market. So you understand, the market is manipulated over 80% of the time; in addition to controlling your position, you must also act decisively, clearly avoiding entering the market before the manipulators take action; if you enter the market, you are the prey on the chopping block of the exchange. Trading is a competition.