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Some Cryptocurrency Trading tips for Newbie frens to check out!
Understanding one of these 6 iron laws of the coin world can save you 100,000; if you can grasp three, you have already surpassed 90% of retail investors:
1. When it rises quickly and falls slowly, that is the market maker quietly accumulating.
Don't rush to get off. A quick rise followed by a slow pullback is not a peak, but a washout. What you should fear is a rapid drop after a significant increase in volume, that would be a trap.
2. Drops quickly and rises slowly, that's the dealer running away.
The price crashes sharply and then slowly rebounds; it's not an opportunity to pick up bargains, it's the last wave of a trap. Don't cling to the illusion that it can still drop after falling so much.
3. A volume increase at the top doesn't necessarily mean death; a lack of volume is what is truly dangerous.
If it rises to a high position with sustained volume, it might be able to push further; but if it reaches a peak with no momentum, then one should be cautious of a collapse.
4. Don't get excited by the volume at the bottom; sustained volume is what counts.
A one-time surge in volume is a bait. What to watch for is continuous volume increase over several days, especially after a period of contraction and fluctuation in volume, as that is a signal to build a position.
5. Cryptocurrency Trading is about trading emotions, both rises and falls are reflected in the volume.
You think you should focus on the K-line, but what you should really focus on is the market sentiment. Trading volume is a mirror of consensus, and price is just a reflection.
6. No talent is the ultimate realm of Cryptocurrency Trading.
No obsession, able to hold cash; no greed, do not chase highs; no fear, dare to take action. This is not a Buddhist mindset, but the strongest trading psychological quality.
The market never lacks opportunities; what it lacks is your ability to control your hands and see the situation clearly. What can truly help you break free is having someone who can guide you to understand the rhythm and point you in the right direction.
You are not moving fast enough; rather, you are stumbling around alone in the dark. Yun Bin has always been there, and the light is right ahead. If you don't catch up, you will forever be trapped in the night, looping #余币宝年化收益破24%# #Gate Launchpad IKA上线# #以太坊交易量飙升# .