I am 32 years old this year. I started trading cryptocurrencies at 22, and from 2023 to 2024, my funds reached eight figures. My current lifestyle includes staying in high-end hotels costing around 2000 yuan every time I go out, which is much more comfortable than the old generation's focus on traditional industries or the 80s who are into e-commerce!
As an experienced trader with 10 years in cryptocurrency trading, unafraid of market fluctuations, having survived through bull and bear markets, I rely on these 5 laws! They are the accumulation of my years of experience! Take the time to read carefully, fill in the gaps, and I believe you will gain something!
1. Rapid price increase and slow decline indicates accumulation.
A quick rise but a slow decline suggests that the market makers are accumulating positions, preparing for the next round of increases.
2. Rapid decline and slow increase indicates distribution.
A rapid drop but a slow rise means that the market makers are gradually selling off, and the market is about to enter a downward cycle.
3. Don’t sell at high volume on the top; run quickly if there is no volume.
High trading volume at the top may indicate further rises; however, if the trading volume shrinks at the top, it suggests insufficient upward momentum, so exit quickly.
4. Don’t buy at high volume on the bottom; continuous volume can be a buy signal.
High volume at the bottom may indicate a continuation of the decline, requiring observation; continuous volume suggests ongoing capital inflow, which can be a buying opportunity.
5. Trading cryptocurrencies is trading emotions; consensus is trading volume.
Market sentiment dictates the price fluctuations of cryptocurrencies, and trading volume reflects market consensus and investor behavior!
Changing is not at all spectacular, and it often comes with pain.
Every step forward and every lift of the leg is accompanied by soreness. Only by tearing away the old muscles can stronger ones emerge. Only by shattering old cognitions can a new self be reconstructed. The cycle of charging ahead and collapsing in despair repeats, which is tough for ordinary people to bear. Worse still, some people don’t even have the chance to change.
Respect the market, continuously learn and conduct in-depth research, constantly optimize systems and acquire new knowledge; never think you’ve made it or are invincible! Only by maintaining vigilance and constantly considering changing circumstances can one become the ultimate winner in this market!
The market is never short of opportunities; the question is whether you can seize them. By following experienced individuals and the right people, we can earn more!
SUI TURMP BONK PEPE OM SOL PNUT NEIRO
