Let me summarize the big guy's "Coin Buying Principles" for everyone
1. Buy sideways, buy the dip, don't buy vertical; sell when the market is boiling;
Buy when prices are sideways or declining to avoid chasing highs. At the same time, choose to sell when market sentiment is boiling.
2. Continuous small increases are real increases; continuous large increases require exiting;
Small price increases may indicate a genuine market rebound, while continuous large increases could be a bubble. Therefore,
hold during small increases, but consider exiting during large increases. 3. A significant surge needs a pullback; don't dig deep pits or buy heavily;
When prices rise significantly, a pullback often occurs. You can buy during the pullback instead of chasing high prices.
4. Acceleration in the main rise means a peak; sell quickly during sharp declines and sell slowly during gradual rises;
Accelerating prices during the main rise may indicate the trend is about to end, so watch for peak signals. Sell quickly during sharp declines, while gradual rises allow for gradual selling. 5. Sharp declines with low volume are intimidation; exit quickly during gradual declines with increasing volume;
When prices drop sharply but with low trading volume, it may be caused by market panic, and you can choose to hold. However, if prices decline slowly but trading volume increases, it may indicate strengthening bearish forces, and you should exit promptly.
6. When prices break through the lifeline, don't hesitate to swing trade;
When prices break through an important support or resistance level, significant volatility may occur, so consider short-term swing trading.
7. Daily, weekly, and monthly charts need to be viewed carefully; follow the main force to earn money;
Carefully observe price trends over different time periods and trade according to the flow of main capital. 8. If the coin price rises without volume, the main force may be baiting, don't stand guard;
When prices rise but trading volume doesn't increase, it could mean the main force is trying to bait, so be cautious not to get trapped.
9. Low volume at new lows indicates a bottom; increasing volume during a rebound means it's time to enter;
When prices fall but trading volume decreases, it may indicate a bottom is forming, and you can consider buying. When prices rebound and trading volume increases, it may signal the start of an upward trend, so enter promptly.