There is a very simple and practical method for trading cryptocurrencies
Only focus on one pattern, only enter the market when the opportunity is right, do not trade without a pattern,
1. Rapid increases and slow decreases indicate accumulation. A rapid increase followed by a slow decrease suggests that the market maker is accumulating shares in preparation for the next upward movement.
2. Rapid decreases and slow increases indicate distribution. A rapid decrease followed by a slow increase means that the market maker is gradually selling off, and the market is about to enter a downward cycle.
3. Don’t sell when there is a lot of volume at the top, but run quickly when there is no volume at the top. High trading volume at the top may suggest that the price will continue to rise; however, if the trading volume at the top is shrinking, it indicates insufficient upward momentum, and it’s best to exit quickly.
4. Trading cryptocurrencies is about trading emotions, consensus is reflected in trading volume. Market sentiment determines cryptocurrency price fluctuations, and trading volume reflects market consensus and investment.
In the world of cryptocurrency, there are always some projects that shine with their unique stories and large communities. Let’s work together to welcome the sun of tomorrow 🌞