At first, it seems simple: the chart goes up — so the price is rising. Down — it's falling. Well, logical.
But when you start digging deeper — it feels like you're looking at chaos, not the price.
Personally, I had a feeling that this was a cardiogram before a heart attack 🙂
Gradually, I started to notice: especially much became clear after several purchases during moments of volatility (that's when the price jumps sharply up and down).
⠀
🔸 If you see a sharp rise in a coin — don't rush to buy. Especially if the coin has no 'foundation'.
And what is a foundation? It's not about concrete 😄
It's about the essence of the project: who created it, whether there is an idea, technology, support, reliability.
For example, Bitcoin — it has a history, a limited supply, and there is trust in it.
BABY — a cute coin, but essentially 'joke', and often people just make money off others with it.
So if a project has no real value — there's a risk that you'll be the one they make money off.
If you want to try — then: saw a rise → bought → placed an order (a request to sell at the desired price) → waited and exited.
It's better to make a little profit than to wait for a miracle and lose everything.
🔸 If the coin is more serious, and its growth is slow and steady — you can wait.
But if a smooth decline starts after the purchase — it's better to exit, even if at a loss.
Why? Because not only the chart matters, but everything around it:
news, politics, updates of the coin (they are called forks — when something changes in the coin's code),
the influence of famous people (influencers, like Elon Musk), the overall sentiment in crypto.
Conclusion: the chart doesn't command you, but you learn to understand it.
And for this to happen — you need time, attention, and a bunch of micro-failures (small mistakes that everyone makes).
👉 By the way, if you're interested in observing a coin where both volatility is present and there is a foundation, take a look at $PYTH
The project deals with oracles — these are things that supply data to the blockchain, and without them, many decentralized things don't work at all. The coin is relatively new, but already shows a good character — up and down, you won't get bored.
Here you can learn, and if you wish — earn, just remember: not every upward candle is a ticket to a wealthy life 😉
If graphs still seem like a dark forest to you — no worries.
The main thing is that you are not standing still. Mistakes are also part of the journey.
Good luck in this difficult endeavor😉
⠀
To be continued 🙂
