If you have just entered the crypto world, do you feel a bit confused? Don't worry, the following trading maxims and ways to make money will help you adapt to this world full of opportunities and challenges more quickly. Writing this has exhausted the instructor, and I hope the instructor's fans read it word for word.
1. Trading maxims: Buy horizontally, buy dips, do not buy vertically; the selling point is at the peak of the noise.
This means: buy when the coin price is stable or slightly retracing, and avoid blindly chasing prices when they are rising straight up. When the market heat reaches its peak and the noise is loud, it is often a good time to sell.
2. Continuous small rises are real rises; continuous large rises mean it's time to exit.
If the coin price continuously rises slightly, it is likely a genuine upward trend. But if it rises significantly in succession, be cautious, as it may signal an impending bubble burst; it is best to exit and watch.
3. A significant surge needs to pull back; do not dig deep pits and do not buy large.
After a sudden significant increase in coin price, there is often a need for a pullback. If this pullback is not deep, do not buy easily. The real buying opportunity often appears after a deep pullback in price.
4. Acceleration in the main rise indicates a peak; sell quickly on sharp drops and sell slowly on gradual rises.
When the coin price accelerates in the main upward phase, it often indicates that a peak is approaching. If the price drops quickly at this time, sell quickly; if the price rises slowly, you can sell gradually.
5. A sharp drop without volume is a scare tactic; a gradual drop with volume means to exit quickly.
If the coin price suddenly drops significantly but the trading volume is not large, this may be a scare tactic by the market. However, if the price drops slowly but the trading volume is increasing, then you should be cautious, as this may signal capital flight, and you should exit as soon as possible.
6. If the price breaks through the lifeline, don't hesitate to swing trade.
Lifelines usually refer to some important technical indicator lines or moving averages. If the coin price breaks through these lifelines and continues to rise, don't hesitate, decisively engage in swing trading.
7. Seriously look at daily and monthly lines; build positions following the main force.
Daily and monthly lines are important tools for observing market trends. By carefully analyzing these line charts, you can better grasp the main force and trends in the market, thereby establishing your own positions.
8. If the coin price rises without volume, the main force is inducing buying; do not stand guard.
If the trading volume does not significantly increase during the price rise, this may be a sign of manipulation by the main force. At this time, do not blindly follow the trend to buy, so as not to become a 'leek' standing guard. A shrinking new low is a bottom signal; an increasing volume rebound indicates it's time to enter when the coin price reaches a new low after a decrease in volume. If the trading volume starts to increase accompanied by a price rebound, then it’s a good time to enter.
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