Cryptocurrency Survival Tips (Recommended to memorize)
1. Don't rush to flee when there's a big drop in the morning; generally, there will be a rebound in the afternoon.
2. When there's a big rise in the afternoon, reduce your position; there's a high probability of a pullback in the evening!
3. If there's a rise on low volume, it will continue to rise; if there's a decline on low volume, it will continue to decline.
4. There will be a rise before major meetings or positive news, and it will drop once the news is released.
5. When there's a continuous drop during the day in China, it's time to buy the dip; foreign investors will rally the market at 21:30 in the evening.
6. The key signal for buying and selling is the spike; the deeper the spike, the stronger the buy and sell signal.
7. When you are heavily invested, you will definitely face a liquidation; why? You are on the exchange's key liquidation watchlist.
8. After your short position hits the stop-loss, it will definitely drop; if it doesn't trick you into closing your position or liquidate you, how can it drop? For example, TRB.
9. When you are about to break even, just a little more, and the rebound suddenly stops—how can they let you close your position and flee?
10. When you take profit, it's already too late; how can you pull the market if you don't exit? The position is too heavy.