1. Hot coins should not be clung to; altcoins should be exchanged for profit after reaching a certain point. Trying to hold from beginning to end is bound to be in vain. The reasoning is simple: altcoins cannot rise forever. After trading, you should exchange; otherwise, if it drops back to the starting point, all efforts will be in vain. For example, FIL and LUNA from previous years.
2. After a high-level sideways trend, prepare to sell when the opportunity arises; after a low-level sideways trend with new lows, a good opportunity is likely to appear. When the coin price creates a new high after a high-level sideways trend, be wary of the main force inducing buying. Don't hesitate to reduce your position or exit. Conversely, when the coin price creates a new low after a low-level sideways trend and quickly rebounds, it is likely the last shake from the main force; at this point, you should stay firm and unwavering.
3. When the market environment is bad, coin prices may rise against the trend; a small rise against the trend may lead to a big increase. When the market environment is good, coin prices may slightly fall against the trend; a small fall against the trend may lead to a big decrease.
4. Only add positions when making a profit, and do not average down when losing. This may break many people's perceptions. We should increase our position when the coin price breaks through previous highs, not when it keeps falling. Averaging down will only lead to larger losses, ultimately rendering you unable to act. It is essential to cut losses and let profits run.
5. As long as you identify the bottom price, generally, there will be a rise of two steps up and one step back. At this time, don't doubt it; generally, a big surprise follows. Especially during a trending rise, it’s always a combination of upward momentum and consolidation. Don't easily exit the market.
6. First-class players look at sectors, second-class players look at individual coins, third-class players look at indicators, and the lowest-class players just gamble. This means that when we buy a certain coin, we should first look at the sector. Only by engaging in hot sectors can we have high popularity and high winning rates. Next, look at the tokens; only looking at indicators indicates a novice, while looking at everything is akin to being a gambler.
7. Indicators change with volume and price, so volume and price are the roots of indicators. If you don't look at volume and price but rely solely on indicators, trading will be troublesome. Indicators are calculated based on coin prices and transaction volumes, so true technical analysis requires looking at volume and price. The rise in price requires substantial funds to drive it.
8. In an upward trend, look for support; in a downward trend, look for resistance. When the coin price is in an upward trend, operating based on the support line has a high success rate, providing opportunities for low buying on dips. In a downward trend, operating based on resistance lines has a high success rate, providing opportunities to short or exit.#币安Alpha上新 $BTC