6 Essential Lessons for Survival in the Crypto World: Understanding One Can Save You 100,000, Following Three Can Guarantee 90% Success for Retail Investors
Many people lose money not because they don't know how to trade, but because they haven't grasped the most basic market principles. Below are 6 iron rules; if you can remember half of them, you'll basically survive.
① Rapid Rise and Slow Decline ≠ Peak, Often It's the Big Players Accumulating
A sharp rise followed by a slow decline is mostly a washout action, not an apocalyptic signal. The real danger is 'sharp rise with heavy volume + sudden large drop'; that's when the big players are offloading.
② Rapid Decline and Slow Rise ≠ Bottom Fishing, It's the Main Players Running Away
When the market is smashed down by a large bearish candle, and then starts a slow decline, this is not an opportunity, but a trap. The notion of 'it has dropped so much it should bounce back' is often a fantasy.
③ High Volume at the Top Can Still Play, Low Volume Means Panic
High volume at a high level indicates funds are still in the game and there may be opportunities for further increases. But if volume suddenly drops at the top and no one is buying, that's a real danger signal.
④ Volume at the Bottom Must Be Observed for Continuity
Single-day volume spikes are often false signals. The real signs of accumulation come after several days of low volume sideways movement, followed by a breakout with volume. Don't be fooled by one-off trading volumes.
⑤ Volume is More Realistic than Price
Candlestick charts are just results; trading volume is fundamental. Real big funds have long used volume to express their intentions. Learning to read volume is key to understanding the market.
⑥ Lack of Talent, Is the Realm of Experts
Being able to hold cash means not being obsessed; not chasing highs means not being greedy; daring to enter the market means not being fearful. This is not 'Buddhist-like', but rather efficiency and maturity.
⚡ The market never lacks opportunities; what it lacks is mindset and execution. The essence of trading cryptocurrencies is not to compete with others, but to compete with oneself.
Focus for the day: MEME BOME TKO BERA BAND
