$BAN Hello, everyone. I am Index Explosion, and today I will talk about what I often refer to as the stage (two) top/bottom.

Without further ado, let's get started. To make it easier to understand, let's take the newly launched contract coin as an example. We can see that BAN launched its contract at 7:30 PM, quickly dropped and then rebounded to the stage high point of 0.3475. After that, it fluctuated down to stabilize at around 11:45, constantly oscillating between 0.27 and 0.31, but it never broke below the position of 11.45 at 0.2707.

This continued until 8:30 the next morning, when it started to fluctuate upwards again, but soon broke through, with a small spike pulling it up to 0.3406 at 11:15, very close to the previous high of 0.3475, and then it began to oscillate downwards all the way.

We can see that BAN did not break below or above during the bottom oscillation and rise, corresponding to what is referred to as the so-called stage top and bottom, which can be subdivided into two-stage tops and bottoms. Of course, this is just a relatively simple situation; many times, stage tops and bottoms can also be broken, because stage tops and bottoms are divided into 15 minutes, one hour, or even daily levels, and they keep repeating. The specific situation needs to be analyzed.

In short, it is best not to enter the market on the first day of a newly launched contract coin, as it often experiences fluctuations with spikes up and down. You can wait until the second day to enter the market when it shows corresponding two-stage tops or bottoms. The same applies to other periods; you need to see trend signals before entering the market, which is much safer.