Years of practical experience in the circle, understand to avoid detours!

1. Don’t be attached to hot coins

Altcoins won't keep rising; when profits reach a certain level, they should be replaced in time, or they may fall back to the original point, like FIL, LUNA.

2. Key points for buying and selling at high and low points

Horizontal consolidation at high points before another rise is a selling opportunity; horizontal consolidation at low points with a new low may be a good entry point.

3. Judge based on the market environment

In a poor market environment, the coin price may rise against the trend during horizontal consolidation; small rises against the trend may lead to large increases; in a good market environment, the coin price may slightly drop against the trend during horizontal consolidation, and small drops against the trend may lead to large declines.

4. Reasonable position adjustment

Positions should be increased when the coin price breaks above previous highs; do not average down during a decline to avoid increasing losses; cut losses to let profits grow.

5. Hold steady during an upward trend from the bottom

Once the bottom price is recognized, the coin price will generally rise in a 2-up-1-down pattern, especially during a trending rise; as it rises, it may also consolidate, so don't exit easily.

6. Prioritize sector investment

Top players first look at sectors; engaging in hot sectors has high popularity and winning rates; second-tier players look at individual coins, third-tier players look at indicators, and bottom-tier players gamble purely.

7. Volume and price are the root of indicators

Indicators change with volume and price; real technical analysis should focus on volume and price, as price increases require significant capital to drive them.

8. Key points for operating trends

In an upward trend, look for support and rely on the support line for pullbacks to buy low; in a downward trend, look for resistance and consider opening shorts or exiting based on resistance lines.