If you are new to the cryptocurrency world, you need to remember these most effective trading mantras:
1. Buy sideways, buy dips, don't buy verticals; the selling point is at the peak;
2. Continuous small rises are real rises, continuous large rises mean to exit;
3. A significant surge needs a pullback, don’t dig deep pits or buy large;
4. Main rises accelerate to see a peak, sell quickly on sharp drops, sell slowly on gentle rises;
5. Sharp drops with low volume are intimidation, gentle drops with high volume mean to withdraw quickly;
6. When the price breaks the lifeline, don’t hesitate to swing trade;
7. Pay attention to daily and monthly charts, build positions with the main force;
8. If price rises without volume, don't stand guard as the main force lures in more;
9. Low volume new lows are bottom signals, increasing volume on recovery means to enter.
In the cryptocurrency world, the simpler things are often the more effective, and all these mantras are the crystallization of wisdom.
