Cryptocurrency Secrets
1. When there is a continuous drop during the day in the domestic market, look for bottom opportunities around 21:30 in the evening. After a daytime drop, around 21:30 is often the time when the external market pushes prices up, seizing this opportunity to buy the dip.
2. Do not chase after a high during the day, as there is a high probability of a pullback in the evening. If the price of the cryptocurrency rises significantly during the day, it is very likely to pull back in the evening, so be cautious about chasing highs.
3. Spike signal: the deeper, the stronger. The key signal for buying or selling is the “spike.” The deeper the spike, the stronger the signal to buy or sell.
4. Good news being fully absorbed is bad news. Before major meetings or announcements of good news, the price usually rises, but often falls after the news is released.
5. Be cautious with community recommendations; reverse operations may be safer. When a community or group chat wildly recommends a certain cryptocurrency and speaks extravagantly about it, it is likely a trap 🕳, and reversing operations could be more prudent.
6. Overheating means emptying 🈳. When a certain cryptocurrency is excessively popular, consider shorting it; the higher the heat, the greater the risk of a pullback.
7. Not interested in a friend's recommendation? It might be an opportunity. If you are not interested in the cryptocurrency recommended by a friend, it could actually be a potential opportunity; don't hesitate to try it with a small amount of capital.
8. Heavy positions lead to liquidations. When you hold a large position, the risk of liquidation is extremely high, as exchanges tend to focus on large holdings, making it easy to become a liquidation target.
9. After a stop-loss, it must drop. After your short position's stop-loss is triggered, the price often drops, as the market does not “wash you out” or push prices up easily; the downtrend will not end easily 🔚.
