How much U do you need to earn to stabilize yourself?
Over the years, I have only focused on one thing - treating trading as a game to level up, being calm and patient, and honing my skills. Today, I have compiled 6 practical insights:
First: Rapid rises and slow declines often indicate a washout.
When the market surges sharply and then falls slowly, it's usually a sign that the big players are gradually accumulating. Don't rush to cut losses; a true top signals a sharp drop.
Second: Rapid drops and slow rises, be cautious about selling.
After a flash crash, if the market slowly rebounds, don't think it's a chance to pick up bargains; it could very well be the final sell-off. Don't think, "It has dropped so much, it can still rise"; this can lead to being trapped.
Third: High volume at the top does not mean the end; low volume is the real danger.
If there's still volume at a high level, there might be one last push; if there's no volume, it indicates a potential collapse.
Fourth: Volume at the bottom must be sustained.
A single surge in volume may just be a bait. Continuous days of volume indicate a real opportunity to build positions.
Fifth: Trading reflects market sentiment; volume is key.
Candlestick patterns are just results; trading volume shows the emotion behind it. If the volume is low, no one is participating; when it increases, it indicates that funds are entering the market.
Sixth: Understand when to hold cash.
Don't be obsessed; if it's time to hold cash, then do so. Don't be greedy; if it's time to bottom-fish, then take action calmly. A stable mindset allows for stable operations.
There are many opportunities in the crypto space, but what’s lacking are those who can control their impulses and see the situation clearly. You are not slow; you are exploring in the dark.
