I am Jin Lian from the cryptocurrency circle, a 38-year-old from Nanning, who has been rooted in Shanghai for seven years. I have been trading cryptocurrencies for 2555 days, growing my initial capital of 100,000 to 9 million. I have encountered all the pitfalls and seen all the tricks. Today, I will share with you six iron rules that I have smashed with real money—understanding one can save you 100,000 in tuition, and mastering three can directly crush 90% of the retail investors!
The six iron rules of Jin Lian, etched into my bones:
Don’t rush to cut losses during rapid increases and slow declines!
Is the coin price suddenly soaring and then slowly declining? Stay calm! This is most likely the market makers washing the positions, specifically targeting those who can't hold their chips. What’s truly dangerous is the kind of cliff-like drop that occurs right after a surge—that's a fishing trap designed to lure you into buying high!
Don’t rush to catch the bottom during rapid declines and slow increases!
Is there a rebound after a waterfall-like drop that crawls up like a snail? Hold your horses! This is the market makers pulling up while offloading, and you think, "It dropped so deep, it must rebound now?" The last wave of fake rebounds is specifically designed to trap the self-righteous!
Don’t panic when there is high volume at high levels, but run quickly when there’s dead volume at high levels!
Is the trading volume continuously increasing when the coin price surges? It might still go higher. But if the volume is stagnant like dead water after rising to a high level? Clear your positions immediately! Without new capital to take over, a crash can happen in the blink of an eye!
Don’t get excited when there is explosive volume at the bottom; continuous volume is the real deal!
Did a giant bullish candle suddenly appear at the bottom? Don’t get happy yet! A single-day spike in volume might be a deceptive maneuver by the market makers. Watch for whether the volume continues to increase, especially after a long period of low volume and then a sudden series of spikes—that’s when the market makers are truly accumulating!
Trading cryptocurrencies is about understanding human psychology; remember that volume precedes price!
Do you think you’re looking at K-lines? Wrong! You’re watching a group of people go crazy! Trading volume is the mirror of that madness, and price is just a dog being led by emotions. Remember: change in volume must come before change in price!
The word "no" is the ultimate mindset!
No obsession—only then can you stay in cash waiting for the fatal blow;
No greed—only then will you not chase highs and kill lows;
No fear—only then will you dare to catch a falling knife during a crash!
This isn’t about being Zen; it’s the survival rule of the trading arena—you must be ruthless enough to survive to the end!
There are opportunities every day, and chances are always there!
Follow me, Jin Lian, and I will expose the tricks of the market makers every day, helping you ambush and profit in advance! #ETH质押退出动态观察
