Learn these few mantras and you can easily make a profit in the cryptocurrency world and achieve 100 times returns!
Here are some trading insights:
Price breaks through key lines, don't miss short-term opportunities
Explanation: Once the price breaks through an important support or resistance level, there may be a short-term trading opportunity; don't hesitate, seize it quickly.
After a big rise, don't rush to chase high prices
Explanation: After a significant price increase, there often comes a process of correction; at this time, don’t be anxious to chase high prices, stay steady.
If the price rises but the volume doesn't increase, the main force may be deceiving you
Explanation: If the price goes up but the trading volume remains relatively unchanged, it could be that the main force is playing tricks to attract retail investors; stay vigilant.
If the price drops sharply with low volume, don’t panic; if it falls gradually with increasing volume, then retreat
Explanation: When the price drops sharply but the trading volume is small, don’t rush; if the price falls slowly and the volume increases, it’s time to withdraw quickly.
During a main rise, if the speed accelerates, it may be nearing the top
Explanation: When the price rises rapidly, it may be approaching the peak; be sure to pay attention to top signals and prepare accordingly.
When buying, don’t chase high prices; wait for a correction to take action
Explanation: When buying cryptocurrency, never wait until the price is already very high to buy, as the risk is too great. It’s best to wait for a correction when the price is relatively reasonable before buying.
Look at daily and weekly charts; the main force's movements are key
Explanation: When analyzing price trends, don’t just look at daily charts; you should also consider weekly charts and even longer-term charts to better grasp the main force's movements and market trends.
Don’t panic over small rises and falls; be cautious during large increases
Explanation: When prices are rising and falling slightly, there's no need to worry too much; however, if prices rise significantly for a sustained period, it’s time to be alert and not let market enthusiasm cloud your judgment.
New lows with decreasing volume may indicate a bottom: when trading volume picks up and prices rise, it’s a good time to enter
Explanation: When prices hit new lows and trading volume decreases, it may indicate that a bottom has been reached; when trading volume starts to recover and prices begin to rise, it’s a good time to enter the market.
