The basic rules you must know in the crypto world

The crypto world used to be a confrontation between the East and the West, and there would be market movements both during the day and at night. The main market movements usually occur during Western time, which is between 21:30 and 07:30 Beijing time. Significant increases typically happen in the early morning.

1. If there is a continuous drop during the day in the domestic market, you must buy the dip; in the evening at 21:30, foreigners will pump the market.

2. If there is a significant increase during the day, do not chase the price, as it will likely drop back in the evening.

3. The key signal for buying and selling is the spike; the deeper the spike, the stronger the buy and sell signal.

5. Major meetings or positive news will usually lead to price increases, but once the news settles, prices will drop.

6. Group discussions and community recommendations about buying coins can be very enticing, but if you get too excited, you are likely to be trapped; consider taking the opposite action. If a coin is being heavily traded and is very popular, you can short it immediately.

8. If a group member recommends something and you find it uninteresting, it is likely to take off; when in doubt, it may be worth trying a little.

9. When you are heavily invested, you will definitely face liquidation; why? Because you will be on the exchanges' watchlist for liquidations.

10. After you complete your stop-loss on a short position, it will certainly drop; how could it drop if it doesn't trick you into exiting or blowing up your position? For example, TRB.

11. When you are about to break even, and it's just a little bit away, the rebound suddenly stops; how could they let you close your position and run away?

12. When you take profits, you will be left hanging; if you don’t exit, how can they pump the price? The position is too heavy.

13. When you are excited, a crash will inevitably come; your excitement is also a bait from the market makers.

14. When you are broke, every project seems to be rising, making you FOMO and rush into the market.

So you understand that the market is manipulated over 80% of the time; besides controlling your position, you must also act decisively. Be clear that before the market makers take action, you should resolutely refrain from entering; as soon as you enter, you are at the mercy of the exchanges, and you become the fish on the chopping block.

Trading is a test of patience, willpower, and timing; let's encourage each other. The crypto world creates countless possibilities every day, and I hope this is helpful to you.