🔴🔴Five Major Laws of Cryptocurrency Trading
Law One: Rapid Rise and Slow Drop Indicates Accumulation
When the price rises quickly and drops slowly, the market maker is accumulating for the upcoming rise.
Law Two: Rapid Drop and Slow Rise Indicates Distribution
When the price drops quickly and rises slowly, the market maker is distributing, and the market is entering a bearish phase.
Law Three: Volume at the Top Indicates Caution
If there is high volume at the top, the price may still have momentum, and there is no need to rush to sell; if there is no volume, the momentum is exhausted, and one should exit quickly to avoid risk.
Law Four: Volume at the Bottom Indicates Caution
If there is only volume at the bottom, it may indicate a temporary pause in the decline, so it is not advisable to buy; if there is continuous volume, it indicates capital inflow, and one may consider entering the market.
Law Five: Trading Cryptocurrency is Trading Market Sentiment
Trading cryptocurrency is about trading market sentiment; trading volume reflects market consensus and investor behavior patterns, which dominate price fluctuations.
Patiently wait, as 80% of the market is garbage time