#币圈 General Rules

In the cryptocurrency circle, there used to be a confrontation between the East and the West. Previously, there would be market movements both during the day and at night, with the main market activity occurring during Western hours, specifically between 21:30 and 7:30 Beijing time. Major price increases typically happen in the early morning, so a qualified trader should sleep at 20:00 and wake up at 4:00 to pay attention to trading.

1. If there is a continuous drop during the day in China, one must buy the dip; foreigners will pump the price at 21:30.

2. If there is a significant rise during the day, do not chase it, as it will likely drop back at night.

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

4. Major meetings or positive news will usually lead to a price increase, but once the news is confirmed, prices will drop.

5. When discussing plans in a group, if a community enthusiastically promotes a coin, you may get excited, but there’s a high chance of getting burned; consider taking the opposite approach. If a coin is extremely hot, you can short it immediately.

6. If a group member recommends something and you’re not interested, there’s a high probability it will take off; when in doubt, it’s worth trying a small amount.

7. When you are heavily invested, you will definitely get liquidated. Why? Because you are on the exchange’s watchlist for liquidation.

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

9. When you are almost out of your position, just a bit away, and the rebound suddenly stops, how can they let you close your position safely?

10. When you take profits, it’s time for a pump; if you don’t exit, how can they push the price up? The position is too heavy.

11. When you are excited, a waterfall drop will inevitably come; your excitement is also a trap set by the market makers.

12. When you are broke and every project is rising, they make you FOMO and rush to enter the market. So you understand, the market is manipulated over 80% of the time; besides controlling your position, you must also respond proactively. Be clear that you should never enter the market before understanding the market maker's actions; once you enter, the exchange is the butcher, and you are the fish. Trading is all about patience, determination, and timing. Let's encourage each other.