6 years of blood and tears insights on chao coins, learn one to save half a year's tuition
I was also a newbie navigating the bull and bear markets, the worst was being a million in debt, the best was a 50-fold turnaround, through losses I figured out 6 insights:
1. Rapid rises and falls are bait: a sharp drop is not the bottom; the real bottom is when it stops falling.
2. High-level sideways movement is the most dangerous; market makers often unload their holdings during this time.
3. Bottom sideways movement must wait for sustained volume to confirm a real start.
4. Just looking at candlestick charts is useless; don't be fooled by false breakouts, volume is the key.
5. Mindset determines everything; don't be fixated on ups and downs; being able to accept floating losses and hold onto positions is impressive.
Chao coins test patience and execution; those who survive are the ones who lose less and endure longer, preserving capital for big opportunities.