Newcomers in the cryptocurrency circle, please remember the following 9 key points. Remembering these can help you avoid 99% of losses:
1. Buy horizontally and buy pits, not vertically, and the selling point is at the boiling point;
2. Continuous small increases are real increases, and continuous large increases require exiting the market;
3. A sharp rise requires retracement, and you don’t dig deep pits and don’t buy big;
4. The main rise should reach the top, and a sharp drop should be sold quickly, and a slow rise should be sold slowly;
5. A sharp drop without volume is intimidation, and a slow drop with large volume should be withdrawn quickly;
6. If the price breaks through the lifeline, don’t hesitate to make waves;
7. Look carefully at the daily and monthly lines, and follow the main force to build a position;
8. If the coin price rises without volume, the main force will lure more, don’t stand guard;
9. A new low with shrinking volume is a bottom image, and you need to enter the market when the incremental rebound occurs;
The above nine formulas are the concentration of the core knowledge of the cryptocurrency circle. Remember these, and you will step on many fewer pits in trading.