The "buy coins" formula feels very useful for newcomers.
The following is a simple explanation:
1️⃣
Buy when no one cares, and sell when the crowd is bustling;
Buy when the price is sideways or falling, and avoid chasing the price at a high level. At the same time, choose to sell when the market sentiment is boiling.
2️⃣
Continuous small increases are real increases, and continuous large increases must be exited;
A small increase may be a real market rebound, while a continuous large increase may be a bubble. Therefore, you can hold a position when it rises slightly, but you should consider selling when it rises sharply.
3️⃣
A sharp rise must be stepped back, and you don’t dig a deep pit or buy too much;
When the price rises sharply, there will usually be a callback. You can buy when it steps back, instead of chasing the price at a high level.
4️⃣
When the main rise accelerates to the top, sell quickly when it falls sharply, and sell slowly when it rises slowly;
The accelerated price rise during the main rise may imply that the trend is about to end, and you should pay attention to the top signal. You should sell in time when it falls sharply, and you can sell gradually when it rises slowly.
5️⃣
A sharp drop without volume is a threat, so withdraw quickly when the price drops slowly and the volume increases;
When the price drops rapidly but the trading volume is small, it may be caused by market panic, so you can choose to hold. When the price drops slowly but the trading volume increases, it may be that the short-selling force is increasing, so you should withdraw in time.
6️⃣
When the price breaks through the lifeline, don't hesitate to do swing trading;
When the price breaks through an important support or resistance level, there may be large fluctuations, so you can consider short-term swing trading.
7️⃣
Look carefully at the daily, weekly and monthly lines, and make money with the main force;
Carefully observe the price trends in different time periods, and trade with the main capital flow.
8️⃣
When the price of the currency rises without volume, don't stand guard if the main force lures more;
When the price rises but the trading volume does not increase, it may be that the main force is luring more, so you should be careful not to be trapped.
9️⃣
A new low with shrinking volume is the bottom, and you should enter the market when the incremental rebound occurs;
When the price falls but the trading volume decreases, it may be that the bottom is formed, so you can consider buying. When the price rebounds and the trading volume increases, it may be the beginning of an upward trend, and you should enter the market in time.