Cryptocurrency Life-Saving Mantra (Recommended to Memorize)
1. If there’s a significant drop in the morning, don’t rush to exit; usually, there will be a rebound in the afternoon!
2. If there’s a big rise in the afternoon, reduce your position, as there’s a high probability of a pullback in the evening!
3. If there’s an increase on low volume, it will continue to rise; if there’s a decrease on low volume, it will continue to fall.
4. There will generally be a rise before major meetings or positive news, and it will drop once the news is out.
5. If there’s a continuous drop during the day in the domestic market, it’s time to buy the dip; at 21:30, foreign traders will pump the market.
6. The key signal for buying and selling is the pin bar; the deeper the pin, the stronger the buy and sell signal.
7. When you hold a large position, you are definitely at risk of a margin call; why? Because you are on the exchange's key focus list for margin calls.
8. After your short stop loss is triggered, it will definitely drop; if it doesn’t trick you out or push you to the margin limit, how could it drop? For example, TRB.
9. When you are about to break even, just a little bit away, and the rebound suddenly stops, how could they let you exit?
10. When you take profit, it’s a heavy load; if you don’t exit, how can they pump the market? The vehicle is too heavy.
11. When you are excited, a crash will come as expected; your excitement is also a lure from the manipulators.
12. When you are broke, every project seems to be rising, making you FOMO and rush to enter. So you understand, the market is manipulated with over 80% probability; besides controlling your position, you must also react after the fact. Clearly, do not enter the market before the manipulators act; once you enter, you are at the mercy of the exchange while you become the fish. Trading is a battle of patience, composure, and timing. If there are any differing opinions, everyone is welcome to discuss, thank you!