With nothing to do on the weekend, I came across an article online titled "General Rules You Must Know About the Crypto World," and I found some of the points quite reasonable. I'm sharing it here for everyone; if you have different opinions or insights, feel free to leave comments.
1. When there is a significant drop during the day in China, you must buy the dip, as foreign traders will pump it at night.
2. If there is a significant rise during the day, do not chase the price, as it will likely drop back at night.
3. The key signal for buying and selling is the pin bar; the deeper the pin, the stronger the buy and sell signal.
4. Prices usually rise before major meetings or positive news, but will drop once the news is out.
5. In group discussions, if the community promotes a coin with hype, and you get excited, there’s a high chance you’ll get burned; consider doing the opposite. If a coin is very hot, you can short it immediately.
6. If a group friend recommends something and you’re not interested, there’s a high chance it will take off. When in doubt, it’s worth trying a little.
7. When you have a heavy position, you will definitely get liquidated; why? Because you’ll be on the exchange’s watchlist for liquidation.
8. After you set a stop loss on your short position, it will definitely drop; if it doesn't trick you out or get liquidated, how could it fall?
9. When you are about to break even and just need a bit more, if the rebound suddenly stops, how could it let you close your position and run away?
10. When you take profits, it will go up; if you don’t exit, how will it pump? The position is too heavy.
11. When you get excited, a crash will come as expected; your excitement is also a trap set by the manipulators.
12. When you are out of cash, every project seems to be rising, making you FOMO and rush to enter the market.