The 'buy coin' mantra from the big boss is still useful. Here are some simple explanations from Jidong:
1. Buy horizontally, buy dips, don’t buy vertically; sell when the market is bustling;
Buy when the price is sideways or declining to avoid chasing high prices. At the same time, choose to sell when market sentiment is high.
2. Continuous small rises are real gains; continuous large rises mean to exit;
Small increases may indicate a real market rebound, while continuous large increases could be a bubble. Therefore, hold during small increases, but consider exiting during large rises.
3. A large spike needs a pullback; don’t dig deep holes, don’t buy a lot;
When the price rises sharply, a pullback often occurs. You can buy during the pullback instead of chasing high prices.
4. Accelerating main rises should see a peak; sell quickly during sharp declines, sell slowly during gradual rises;
Accelerating price increases during main rises may indicate the trend is about to end, so watch for peak signals. Sell quickly during sharp declines, but sell gradually during slow rises.
5. Sharp declines with low volume are intimidation; exit quickly during gradual declines with high volume;
When the price drops rapidly but the volume is low, it may be due to market panic, so you can choose to hold. However, when the price declines slowly but the volume increases, it may indicate increased short selling power, so exit promptly.
6. Price breaks through the lifeline; don’t hesitate to swing trade;
When the price breaks through an important support or resistance level, significant volatility may occur, so consider short-term swing trading.
7. Pay attention to daily, weekly, and monthly charts, follow the main funds to make money;
Carefully observe price trends over different time periods and trade according to the direction of major funds.
8. If the price rises without volume, don’t stand guard against the main forces’ bait;
When the price rises but the trading volume does not increase, it may indicate that the main force is trying to bait, so be careful not to get trapped.
9. Low volume at new lows indicates a bottom; increased volume during recovery means to enter the market;
When the price falls but the volume decreases, a bottom may be forming, so consider buying. When the price recovers and volume increases, it may indicate the beginning of an upward trend, so enter the market promptly.
Strong recovery, assets doubling! Follow Jidong closely, plan ahead, and easily reap large profits.
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