1. Insight into market sentiment and emotions: Changes in trading volume and open interest are important indicators for determining the strength of bullish or bearish sentiment. If there is an increase in volume but the price does not drop, it may indicate that the price is about to stop declining; whereas if the volume increases but the price does not rise, it may suggest that the short-term upward trend has reached its end. The requirements for volume are different during the processes of rising and falling. During an uptrend, there needs to be a sustained and even increase in volume; if uniform volume can be seen from a 3-minute candlestick chart, the upward trend is likely to continue. If there is a significant decrease in volume or a sudden spike in volume, the upward movement may temporarily end. During a downtrend, if volume increases when breaking key levels, the downtrend may continue. When the price rises to a certain level and stops increasing, but open interest keeps rising and buy/sell orders are at increasingly lower prices, then the price is likely to drop. Increasing open interest during a stagnation is an excellent short-selling opportunity, while increasing open interest during a decline can easily trigger a rebound.
Trend lines and so on. When the price reaches or breaks through these key points. Grasp key points: accurately draw resistance lines and support lines on the chart + react quickly. I personally prefer to use Fibonacci retracement + to predict resistance and support levels.
3. Strictly adhere to trading rules: For a certain period, only operate one product and continuously track it until that product loses its speculative price.
4. Reasonably utilize market windows: A one-minute window is used to grasp entry and exit timing; a three-minute window is used to monitor the trend after entering; a 30-minute or 60-minute window can be used to monitor changes in the intraday trend at any time. Here, I want to remind everyone that if you hit a stop loss, do not rush to recover the losses. After the stop loss, this trade is over; the next one is a new trade, and you should remain independent, not influenced by previous trades; otherwise, it is easy to incur consecutive losses.
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