Seven golden rules for cryptocurrency trading to help you avoid chasing ups and downs

1. Rapid pull-up, slow fall: The price of the currency rises quickly but then slowly falls, indicating that someone is quietly selling. Don't be confused by appearances.

2. Rapid dive, slow climb: The price of the currency falls quickly and then slowly rises, which often means that someone is taking the opportunity to absorb funds, so you need to be vigilant.

3. The rise with a surge in trading volume: The sharp increase in trading volume accompanied by a rapid rise in prices usually means that a selling wave is coming.

4. The plunge with a surge in trading volume: The sudden increase in trading volume accompanied by a sharp drop in prices usually ushered in a wave of rebound.

5. The rise with shrinking volume: The trading volume shrinks but the price still rises, indicating that the upward trend may continue.

6. The fall with shrinking volume: The shrinking trading volume but the continuous fall in prices means that the short-selling force is still dominant and the decline may continue.

7. The volume is increased but the price is stagnant: The trading volume is obviously enlarged, but the currency price is stagnant, suggesting that the market momentum is insufficient and the market outlook may be weak.

Avoid the trap of chasing highs and selling lows when trading cryptocurrencies, remember these seven golden rules to make your investment more stable!