Nine trading experiences in the cryptocurrency circle:

1. Don’t miss the short-term opportunity when the price breaks through the key line

Explanation: Once the price breaks through an important support or resistance level, there may be a short-term trading opportunity. Don’t hesitate and seize it quickly.

2. There is a callback after a sharp rise. Don’t rush to buy at a high price

Explanation: After a sharp rise in prices, there will often be a callback process. At this time, don’t rush to buy coins at a high price. You have to keep it stable.

3. The price of the coin has risen but the volume has not increased. The main force may be deceiving people

Explanation: If the price goes up, but the trading volume has not moved much, it may be that the main force is playing tricks and wants to attract retail investors to be fooled. You have to open your eyes

4. Don’t panic if there are few transactions in a sharp drop, and retreat if there are more transactions in a slow drop

Explanation: When the price drops sharply but the trading volume is small, don’t be anxious; if the price drops slowly and the trading volume is getting bigger and bigger, you have to retreat quickly

5. When the main rise is accelerated, it may be about to reach the top

Explanation: When the price rises rapidly, it is likely to reach the top. You must pay attention to the top signal in advance and be prepared.

6. Don't chase high when buying coins, and wait for a callback before buying

Explanation: When buying coins, don't wait until the price has risen very high before buying, as the risk is too great. It is best to wait for it to pull back a little and buy it when the price is relatively reasonable.

7. You have to look at both the daily and weekly lines, and the main trend is the key

Explanation: When looking at price trends, don't just look at the daily chart, but also combine it with the weekly chart or even the trend chart for a longer period of time, so that you can better grasp the main trend and market trend.

8. Don't panic when there are small rises and falls, and be vigilant when there are big rises

Explanation: When the price rises and falls slightly, don't worry too much; but if the price rises sharply continuously, you have to be vigilant and don't be overwhelmed by the enthusiasm of the market.

9. When the price reaches a new low and the volume shrinks, it may be a bottom; when the transaction volume rebounds and the price rises, it is a good time to enter the market

Explanation: When the price falls to a new low and the transaction volume is also shrinking, it may be a bottom; when the transaction volume starts to rebound and the price starts to rise, it is a good time to enter the market.

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