Cryptocurrency trading has its unique rules
1. Enter during sideways and dips, selling points are during the frenzy.
2. Small, steady rises often indicate a genuine uptrend; continuous sharp rises should prompt consideration of exit.
3. After a significant spike, there is often a pullback; avoid large purchases unless deep dips are observed.
4. An accelerating main uptrend often signals a peak; sell quickly during sharp declines, and exit gradually during slow rises.
5. A sharp decline with low volume is an intimidation tactic; a gradual decline with increased volume should prompt immediate withdrawal.
6. Price breaking through key levels should be seized for swing trading opportunities.
7. Analyze daily and monthly charts carefully, follow the main players to build positions without panic.
8. If the coin price is rising but without volume, this is a trap; do not stand guard.
9. A new low with reduced volume indicates a true bottom; enter the market when there is a volume increase.
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