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Don't think that you should buy the bottom as soon as the price of the currency falls. This is not a simple game. The key is to find out where the bottom is first?
From a macro perspective, there will be a period of sideways accumulation before the currency starts, followed by a correction period of the first and second rising waves, which are all staged lows.
After determining these lows, you can look for opportunities to buy the bottom from a micro perspective. If the position is not determined, it is easy to take over at an absolute high position, and the more you buy, the more you lose.
Specifically:
1. The sideways accumulation period is more obvious. You can find those coins that have been consolidating or box-shaped oscillations. If the transaction volume continues to shrink, it will be more typical.
2. The low position of the first and second rising waves is either at the golden section point, or at the low point of the market crash for about 3 consecutive days or a single day.
Find a coin that meets these two trends, and you can decisively start.
The most important thing is not to memorize by rote. You can use these principles flexibly only if you truly understand them.
