After five years in the crypto space, I've paid a hefty price in learning, and the pitfalls I've encountered could fill a mountain — today, I'm not here for empty talk, but to share real experiences gained through hard-earned money. Each lesson is a painful reminder; if you can absorb them, it will at least save you three years of mistakes. Don’t wait until you’ve lost all your capital to understand.

Rule 1: Sudden surge followed by a slow decline — don't rush to sell!

I fell into this trap early on: a certain coin suddenly skyrocketed by 30%, then fell for 3 days in a row. I was afraid of losing my profits and panicked, selling at a loss. As a result, a week later it reached a new high. I later understood — this was the market maker 'washing the盘', deliberately shaking out unstable retail investors. As long as you can hold on and not panic, they can't do anything to you.

Rule 2: Slow rebound after a sharp decline — don't rush to bottom fish!

I've seen too many people fall into the 'bottom fishing' trap: the coin price plunges drastically, then crawls back slowly like a snail, and they think 'it has reached the bottom', rushing in excitedly. But I’ve experienced this firsthand; such slow rebounds are often market makers discreetly offloading their positions. What you think is the 'bottom' is actually halfway up a trap. Remember: don't bottom fish on a sharp decline; slow rebounds are even more dangerous; don’t be the one picking up the pieces.

Rule 3: Don't panic when there is high volume at a high price; run quickly when there is no volume at a high price!

To decide whether to exit at a high position, looking at trading volume is more useful than looking at K-lines. I once held a coin that rose to a high position with consistently high trading volume, indicating that funds were entering, and indeed it surged again; but another time, the volume suddenly dried up at a high position, resembling a dead pool. I didn’t take it seriously, and ended up losing 40% in 3 days — no volume means no one is picking up, and the market maker is about to leave, so you must run quickly.

Rule 4: Don't get excited by volume at the bottom; sustained volume is the real deal!

When a coin suddenly explodes with volume at the bottom, don't get excited right away. I've suffered from this kind of 'false signal': a certain coin suddenly increased by 5% on high volume at the bottom, and I thought it was going to rebound, so I rushed in, only for it to drop the next day — this was the market maker deliberately driving the price up to lure buyers. A real bottom signal requires more than three consecutive days of increased volume, indicating that real funds are entering the market — that's the reliable signal.

Rule 5: Trading coins is actually about trading mindset; the relationship between volume and price is key!

Don't spend all day staring at K-lines studying 'technicals'; I used to draw trend lines and calculate indicators every day, but ended up panicking when the market maker made a move. Later, I realized that trading coins is about mindset — the market makers watch for when you are 'afraid of falling' to make you sell and 'greedy for rising' to trap you. The relationship between volume and price is the most concrete signal; funds can't deceive you. When your mindset is stable, you won't make reckless moves.

Rule 6: There are always opportunities in the crypto space; what’s lacking is the ability to endure and maintain focus!

There are always people shouting 'there's no market' or 'opportunities are gone', but I've seen coins double in a bear market and people lose everything in a bull market. The crypto space is not short of opportunities; the key is: when there are no opportunities, keep your hands off and don’t rush in. When opportunities arise, you need capital to profit. I previously lost 60% of my capital in a bear market due to reckless trading, but later, by being patient and waiting for signals, I slowly made it back. Remember: this market is not short of opportunities; what it lacks is the patience to endure loneliness.

If you can grasp three of these six iron rules, you could at least avoid losing 100,000; no one can easily cut you down like weeds. If you can't manage even one, it’s better to withdraw early and not let your capital go to waste. I’m Old Chen, guiding you every day through market analysis and signals, using 'retail mindset' to see through market maker tricks, helping you avoid pitfalls and manage risks in the crypto space.

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