I am 35 years old this year, started trading cryptocurrencies at 22, and by 2023-2024, my funds reached 8 figures.
Now when I go out, I must stay in high-end hotels that cost 2000 a night, living much better than those 80s who honestly run factories or do e-commerce!
As an old trader in the cryptocurrency market for 10 years, having experienced countless ups and downs, the key to surviving in this space lies in these 5 iron rules! They are all lessons learned from blood and tears! After reading, make adjustments accordingly, and you will definitely avoid detours!
When the price rises quickly and adjusts slowly, it is accumulating.
When the price rises sharply and falls slowly, it indicates that large funds are secretly hoarding, preparing for the second wave of a rise.
When the price falls sharply and rebounds weakly, it is distributing.
When the price is smashed down hard and fails to bounce back, it means that the market maker is secretly dumping chips, and the market is about to turn bearish.
When there is a huge volume at a high position, don't rush to sell; when there is no volume at a high position, hurry to leave.
When the price rushes to the top and suddenly there is an explosive volume, there may be a new high; if the volume cannot keep up, quickly clear your position and flee.
When there is suddenly a large volume at a low position, don’t rush to catch the bottom; wait for continuous large volume before acting.
When there is suddenly a large volume at the bottom, it could be bait, so keep a close eye; if the volume continues to increase, it indicates that real money is entering the market.
Trading cryptocurrencies is a psychological battle; market consensus relies entirely on trading volume.
Retail investor sentiment determines price fluctuations, and trading volume is the thermometer of market consensus!
Changing habits is not cool at all; it’s all excruciating pain.
Every change feels like being beaten down; old habits must be torn open to develop new skills. Breaking the old mindset is essential to accommodate new knowledge. Daily fluctuations of limit-ups and limit-downs can be torturous for ordinary people. Worse still, some people don’t even have the opportunity to make mistakes.
Always respect the market, learn new things every day, and continuously improve your trading system. Don’t think you are stable; the market can change at any time! Only by being prepared for emergencies can you survive until the end!
Follow Kang Shen closely, use precise strategy analysis, and select through massive AI big data investments to remain undefeated? The market never lacks opportunities; the question is whether you can seize them. By following experienced and the right people, we can earn more!
Pay attention during the day: OM SUI SOL FUN BTC
