I am 32 years old this year, I started trading cryptocurrencies at 22, and by 2023-2024 my funds reached eight figures,
Now when I go out, I have to stay in high-end hotels that cost 2000 a night, living much more comfortably than those hardworking 80s who run factories or do e-commerce!
As an old trader who has been in the crypto market for 10 years, having experienced countless rises and falls, the key to surviving in the crypto world is these 5 iron rules! They are all lessons learned from blood and tears! After reading and adjusting accordingly, you will definitely take fewer detours!
Price rises rapidly with slow pullbacks means buying pressure
If the price rises quickly but falls slowly, it indicates that large funds are secretly accumulating, preparing for the next wave of increase
If the price drops sharply with weak rebounds, it means selling pressure
If the price is crushed down hard and cannot bounce back, it indicates that the market maker is secretly dumping chips, and the market may turn bearish
When there is a huge volume at high levels, don’t rush to sell; if there is no volume at high levels, quickly exit
If the price surges to the top and suddenly there’s a huge volume, there may still be new highs; if the volume cannot keep up, quickly liquidate and run
If there is a sudden increase in volume at low levels, don’t rush to bottom fish; wait for consecutive large volumes before acting
If there is a sudden increase in volume at the bottom, it may be a trap, so stay alert; if the volume continues to increase, it indicates real capital is entering
Trading cryptocurrencies is a psychological battle, and market consensus is all about trading volume
Retail investor sentiment determines price fluctuations, and trading volume is the thermometer of market consensus!
Changing habits is not cool at all; it's all painful
Every change feels like being beaten down; old habits need to be torn apart before new skills can emerge. Breaking old thinking patterns is essential to adopt new ideas. The constant torment of limit ups and limit downs is something ordinary people cannot endure. Even worse, some people don’t even have the opportunity to try and err
Always respect the market, learn something new every day, and continuously improve your trading system. Don’t think you’re stable; the market can change at any time! Only by being prepared to respond to emergencies can we survive until the end!
Follow Kang Shen closely, use precise strategy analysis, select carefully with huge AI big data investments, and keep yourself in an unbeatable position? The market never lacks opportunities, the question is whether you can seize them. By following experienced and capable people, we can earn more!
Daily focus: OM SUI SOL FUN BTC
