I have been in the B circle for seven or eight years. I have been exposed and devastated before, but in the end, I persevered and earned what I wanted. Most of it is about sharing experiences and trading skills and points to note. The last point is the most important.

1. Market sentiment and mood

From the changes in trading volume and open interest, we can analyze the strength of bullish and bearish sentiment. If there is a significant increase in volume but the price does not drop, it may indicate that the decline is about to stop. If there is a significant increase in volume but the price cannot rise, it may indicate that the short-term rise has reached its peak.

The requirements for volume during an uptrend and downtrend are different. In an uptrend: continuous and uniform volume increase is needed. If the volume increases evenly on a 3-minute candlestick chart, it indicates that the upward trend will continue. If there is a significant decrease in volume or a very large volume appears, the upward movement may come to an end. In a downtrend: as long as there is an increase in volume when breaking key levels, the downtrend will continue. If the price stops rising at a certain level while open interest keeps increasing, and the prices of buy and sell orders are getting lower, it indicates that the price is likely to fall.

Increased open interest with stagnant prices is a very good opportunity to short, or increased open interest with stagnant declines may lead to a rebound.

2. Key levels

Draw the resistance, support, trend lines, etc., on the chart. When the price reaches or breaks through these key levels, take action quickly. I personally use Fibonacci retracement to predict resistance and support levels.

3. Trading rules

Only one type of asset can be traded during a specific time period. Continuously track the asset being traded until it no longer has speculative value, then abandon it.

4. Market observation windows:

One-minute window – this is for preparing to grasp entry and exit opportunities;

Five-minute window – this is used to monitor the wave situation after entry; 30-minute or 60-minute window – used to monitor changes in intraday trends at any time.

Finally, I remind everyone: trading opportunities are available every day. If you incur a loss, do not rush to recover it immediately. If you stop loss, that trade is complete, and the next trade is a new one. How much you earn is how much you earn; do not base the next trading target on previous operations, as this will lead to losses every time. Only treating every trade as a new one can help maintain a good mindset for battle. $BTC #Hashdex获准在巴西推出XRPETF