After ten years of trading cryptocurrencies, I entered with a capital of 100,000 and made a furious profit of 5 million. Then, after a huge loss of 5 million, I now have a furious profit of 12 million. Looking at the current crypto market, I, Old Nine, cannot bear to see others lose money. Today, I have decided to publicly share my experiences over the years. I will summarize how I, Old Nine, survived in this market and how I managed to stay invincible, at least helping you avoid several years of detours and directly enabling you to turn defeat into victory! 👇
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💎 Regarding volume: The so-called troops have not moved, but supplies are on the way. The formation of the trend in the early stages is an essential part, especially the first volume increase after a period of sideways movement, which needs to be closely monitored. This is not the best entry point; the first volume increase will inevitably lead to a pullback. When the second volume increase occurs, that is our best entry timing!
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💎 Regarding price: It is essential to look at the closing price; the fluctuations during the process are not important. If the closing price can stabilize, it indicates that the main force is about to take action. To distinguish between a genuine and a fake rally, my summary is that if the closing price can stay above the resistance level, then the probability of a breakthrough is very high!
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💎 Regarding entry timing: Before the breakthrough, the coin price should ideally have undergone a prolonged period of sideways accumulation. The longer, the better. It is best if the chip concentration area has less than 10% fluctuation. Once the main force completes a large amount of accumulation in such a mark, it will undoubtedly make a devilish move without looking back!
💎 Regarding resistance levels: It is essential to identify previous resistance levels, for example, during previous declines, find the support in that range, and if it stays long enough in that area, then this position is the resistance level for the upcoming rise. Under normal circumstances, during critical resistance positions, the first direct breakthrough can generally be judged as a false breakthrough. At this position, it is completely acceptable to exit first and wait for a minor pullback before re-entering!
