The method of trading cryptocurrencies is very simple and practical.
Only focus on one type, enter the market only when the opportunity is right, do not trade without a clear pattern.
1. A rapid rise and a slow decline indicate accumulation. A rapid increase followed by a slow decrease means that the market makers are accumulating shares, preparing for the next round of increase.
2. A rapid decline and a slow rise indicate distribution. A rapid drop followed by a slow increase suggests that the market makers are gradually selling off, and the market is about to enter a downward cycle.
3. Do not sell when there is high volume at the top; run fast when there is low volume at the top. High trading volume at the peak may indicate that the price will continue to rise; however, if the trading volume at the peak shrinks, it indicates insufficient upward momentum, so exit as soon as possible.
4. Trading cryptocurrencies is about trading emotions; consensus reflects trading volume. Market sentiment determines price fluctuations, and trading volume reflects market consensus and investment.
In the world of cryptocurrencies, there are always some projects that shine with their unique stories and large communities. Let us work together to welcome the sun of tomorrow.