The "buy coin" mantra of the big guy is still useful, and here are some simple explanations below:
1. Buy horizontally, buy dips, don’t buy vertically; sell when the market is booming;
Purchase when the price is consolidating or falling to avoid chasing highs. At the same time, choose to sell when market sentiment is at its peak.
2. Continuous small rises are real rises, continuous large rises mean to exit;
A small increase might be a real market rebound, while a continuous large rise could indicate a bubble. Therefore, hold during small rises, but consider exiting during large rises.
3. A large spike requires a pullback, don’t dig deep pits or buy too much;
When the price rises sharply, a pullback often occurs. Buy during the pullback instead of chasing at high prices.
4. Accelerating main rises need to see a peak, sell quickly during sharp drops and sell slowly during gradual rises;
Rapid price increases during a main rise might indicate the end of a trend, and one should be alert for peak signals. Sell quickly during sharp drops, while gradually sell during slow rises.
5. Sharp drops with low volume are intimidation, while gradual drops with increasing volume require a quick exit;
When the price drops sharply but the trading volume is low, it might be caused by market panic, and one can choose to hold. Conversely, when the price declines slowly but the volume increases, it may indicate a strengthening bear market, and one should exit promptly.
6. When the price breaks through the lifeline, don’t hesitate to swing trade;
When the price breaks through an important support or resistance level, significant volatility may occur, and consider engaging in short-term swing trading.
7. Pay attention to daily, weekly, and monthly charts, and follow the main funds to make money;
Carefully observe price trends across different time frames and trade following the flow of main funds.
8. When the coin price rises without volume, don’t stand guard against the main force's bait;
When the price rises but the trading volume does not increase, it may be the main force trying to lure buyers, so be cautious not to get trapped.
9. Decreasing volume at new lows indicates a bottom, increasing volume during a rebound means to enter;
When the price drops but the trading volume decreases, a bottom may be forming, and it can be a consideration to buy. Conversely, when the price rebounds and the trading volume increases, it may indicate the start of an upward trend, so enter promptly.
