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General Rules of the Crypto World

The crypto world used to be a confrontation between the East and West, with market movements occurring both during the day and at night. The main market activity happens during Western hours, specifically between 21:30-7:30 Beijing time. Major price increases usually occur in the early morning, so a qualified trader should sleep at 20:00 and wake up at 4:00 to monitor trades.

1. If there's a significant drop during the day in China, you must buy the dip; foreigners will pump it up at 21:30.

2. If there's a significant rise during the day, do not chase the price; it will likely drop back at night.

3. The key signal when buying and selling is the 'pin bar'; the deeper the pin, the stronger the buy and sell signal.

4. Major meetings or positive news usually lead to price increases, but once the news is out, the price will drop.

5. Group discussions about schemes, community recommendations to buy coins can be misleading; if it sounds too good to be true, you might get trapped, so consider doing the opposite. If a coin is extremely hot, you can short it immediately.

6. If a group member recommends a coin and you feel uninterested, it is likely to take off; when in doubt, it might be worth trying a little.

7. When you are heavily invested in a position, you will definitely face liquidation. Why? Because you’re on the exchange’s watchlist for liquidations.

8. Once your short position hits the stop-loss, it will definitely drop; if they don’t trick you out or liquidate you, how could it fall? For example, TRB.

9. When you’re on the verge of getting out, just a bit more, and the rebound suddenly stops, how can they let you exit without a loss?

10. When you take profits, it’s like a good drink; if you don’t exit, how can they pump it? The ride is too heavy.

11. When you’re excited, the waterfall will come as expected; your excitement is also a lure from the big players.

12. When you’re broke, every project seems to be rising, making you FOMO and rush in. So you understand, the market is manipulated over 80% of the time; apart from managing your position, you must act strategically. Never enter the market before confirming big players’ actions; if you do, you become the fish on the chopping block. Trading is a test of patience, determination, and timing. Let’s encourage each other.