I am Sister Wei. Today, let's get straight to the point without any fluff. The experiences I've gained over the past five years, using real money, are hard-earned lessons. Understanding these can save you three years of detours.
First rule: After a sudden surge, a slow decline – don't rush to sell!
If the price of the coin suddenly skyrockets like a rocket and then slowly declines, don't panic and sell right away. This is a tactic used by the big players to 'wash out' unstable retail investors. If you stay calm, they won't be able to deal with you.
Second rule: After a crash, a slow rebound – don't try to catch the bottom!
If the price of the coin suddenly 'plummets' and then crawls up like a snail, don't think you're clever for trying to catch the bottom. The big players might be secretly unloading their coins, and what you think is the 'bottom' could be a trap. Remember: don't catch the bottom during a sharp decline, a slow rebound is even more dangerous.
Third rule: Don't panic when there's high volume at a high price, but run away when there's no volume at a high price.
When the price of the coin reaches a high point, if the trading volume is still very large, it means there are still funds buying in, and it might surge again; but if the trading volume suddenly drops to a very low level, like still water, then it's time to run!
Fourth rule: Don't get excited by volume at the bottom, sustained volume is what matters.
When the price of the coin drops to the bottom and suddenly explodes with volume,