Eight Unwritten Rules for Crypto Veterans, Newbies Take Note $币安人生
In the crypto space, there are some rules that aren't explicitly stated, but if you don't understand them, you'll pay your tuition. I've整理了一下 for you.
When a coin has been on a downtrend for eight or nine days and others are panicking, you might want to take a closer look. Once the whales finish their shakeout, it's time to pump. $HYPE
After a two-day rally, sell half of your position proactively. Don’t wait until profits evaporate to regret it.
If a coin surges more than seven percent in a single day, don’t chase it the next day. Such moves are usually driven by emotions; wait for things to cool down before making a move. #TokenizedRWASurges589Percent $LAB
Only consider coins that have surged significantly during their pullbacks. Don’t be a chasing high dog, be a bottom-fishing human.
If a coin has been in a sideways trend for over three days with no action, you should think about switching coins. Time is also a cost; don’t waste it.
If you haven't made a profit by the second day of opening a position, it indicates your judgment might be off. Cut your small losses and look for another opportunity.
Once a trend is established, don't go against it. Trade with the trend and don’t fight the market.
The relationship between volume and price is the bottom line. If a low-level breakout occurs with volume, follow in; if a high-level surge isn't moving with volume, retreat. Remember, money doesn’t lie; trading volume is the track of money.
These eight rules, each one was learned the hard way with real money. Keep them in mind, and you'll avoid many detours.
In the crypto space, there are some rules that aren't explicitly stated, but if you don't understand them, you'll pay your tuition. I've整理了一下 for you.
When a coin has been on a downtrend for eight or nine days and others are panicking, you might want to take a closer look. Once the whales finish their shakeout, it's time to pump. $HYPE
After a two-day rally, sell half of your position proactively. Don’t wait until profits evaporate to regret it.
If a coin surges more than seven percent in a single day, don’t chase it the next day. Such moves are usually driven by emotions; wait for things to cool down before making a move. #TokenizedRWASurges589Percent $LAB
Only consider coins that have surged significantly during their pullbacks. Don’t be a chasing high dog, be a bottom-fishing human.
If a coin has been in a sideways trend for over three days with no action, you should think about switching coins. Time is also a cost; don’t waste it.
If you haven't made a profit by the second day of opening a position, it indicates your judgment might be off. Cut your small losses and look for another opportunity.
Once a trend is established, don't go against it. Trade with the trend and don’t fight the market.
The relationship between volume and price is the bottom line. If a low-level breakout occurs with volume, follow in; if a high-level surge isn't moving with volume, retreat. Remember, money doesn’t lie; trading volume is the track of money.
These eight rules, each one was learned the hard way with real money. Keep them in mind, and you'll avoid many detours.