A very useful indicator for making money
As expected, the YFII I mentioned earlier fell sharply today. It fell 50% in two days and 30% in one day. The price reached 1,300 US dollars and was cut in half.
In fact, one rule that can be summarized from these currencies that have plummeted is that
Generally, currencies that fall by more than 30% on the same day (must meet the requirement of more than 30%) are often difficult to rise back. For example, the recent SC also fell by 60% for two consecutive days. Another example is POWR some time ago.
Currencies that fall sharply during the day often indicate the dealer's shipments, so it is difficult to rise again.
I often use this rule to go short, and the winning rate remains above 90%. However, except for one coin, that is trb. This coin fell by 30%, and then pulled it back directly. It is very magical.
This rule does not apply to currencies that have risen by 30%. There are very few currencies that have risen by 30% and continue to rise. If you chase the rise, you will easily be trapped on the top of the mountain. In the secondary market, as long as you don’t chase the rise, you can be ahead of 80% of the people.
But if you fall by 30%, you can chase the short. I usually chase the short and take 10% before leaving. The winning rate is very high.
