Insights from these days in the crypto world! For friends who just entered the market 👇👇👇

1. Don't get attached to hot coins; when altcoins have made a profit, it's time to switch. Trying to hold from start to finish is bound to end in disappointment. The reason is simple: altcoins can't keep rising forever. Once you have traded, switch; otherwise, if it falls back to the original point, it will all be in vain. For example, back in the day with FIL LUNA.

2. After a high-level consolidation, be ready to sell when the opportunity arises; after a low-level consolidation with new lows, a good opportunity is likely to emerge. When the coin price consolidates at a high level and then hits a new high, be wary of the main forces trying to lure you in. Don't hesitate to reduce your holdings or exit when necessary; on the other hand, when the coin price consolidates at a low level and hits a new low, but quickly rebounds, it is likely the main forces are doing their final wash. At this moment, stay firm in your beliefs.

3. When the market environment is poor, coin prices will rise against the trend; a small rise against the trend can lead to a big increase. Conversely, when the market environment is good, coin prices will slightly drop against the trend; a small drop against the trend can lead to a big decline.

4. Increase your position only when making profits, not when losing. This may break many people’s cognitive biases. Our positions should be increased when the coin price breaks through previous highs, not when it's continually dropping. Otherwise, the more you try to average down, the more you lose, until you can’t move anymore. You must cut losses and let profits run.

5. As long as you identify the bottom price, generally, there will be an increase of two steps forward and one step back. At this time, don't doubt it; usually, great surprises follow. Especially during an upward trend, it is often a simultaneous rise and washout. Don’t exit easily.

6. Top-tier traders first look at sectors, second-tier traders look at individual coins, third-tier traders look at indicators, and bottom-tier traders just gamble. This means that when we want to buy a certain coin, we should first look at the sector. Only by focusing on hot sectors can we have high popularity and higher win rates.

7. Indicators change with volume and price, so volume and price are the roots of indicators. If you don’t look at volume and price but rely solely on indicators, you will just frown while trading. Indicators are calculated based on coin prices and trading volumes, so real technical analysis requires examining volume and price. Price increases need substantial capital to push them up.

8. In an upward trend, look for support; in a downward trend, look for resistance. When the coin price is on an upward trend, operating based on support lines has a high success rate, providing opportunities for pullbacks and low buys. Conversely, in a downward trend, operations based on resistance lines have a high chance of success, allowing for short positions or exit opportunities.