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Dare to trade. Dare to win.
#ENA# Some Cryptocurrency Trading insights for Newbie frens to check out!
Understanding one of these 6 iron laws of the coin world can save you 100,000; if you can grasp three, you have already surpassed 90% of retail investors:
1. When it rises quickly and falls slowly, that is the market maker quietly accumulating.
Don't rush to get off. A quick rise followed by a slow pullback is not a peak, but a washout. What you should fear is a rapid drop after a significant increase in volume, that would be a trap.
2. Drops quickly and rises slowly, that's the dealer running away.
The price crashes sharply and then slowly rebounds; it's not an opportunity to pick up bargains, it's the last wave of a trap. Don't cling to the illusion that it can still drop after falling so much.
3. A volume increase at the top doesn't necessarily mean death; a lack of volume is what is truly dangerous.
If it rises to a high position with sustained volume, it might be able to push further; but if it reaches a peak with no momentum, then one should be cautious of a collapse.
4. Don't get excited by the volume at the bottom; sustained volume is what counts.
A one-time surge in volume is a bait. What to watch for is continuous volume increase over several days, especially after a period of contraction and fluctuation in volume, as that is a signal to build a position.
5. Cryptocurrency Trading is about trading emotions, both rises and falls are reflected in the volume.
You think you should focus on the K-line, but what you should really focus on is the market sentiment. Trading volume is a mirror of consensus, and price is just a reflection.
6. No talent is the ultimate realm of Cryptocurrency Trading.
No obsession, able to hold cash; no greed, do not chase highs; no fear, dare to take action. This is not a Buddhist mindset, but the strongest trading psychological quality.
The market has never been short of opportunities; what is lacking is your ability to control your hands and see the situation clearly. #余币宝年化收益破24%# #以太坊交易量飙升# #Gate Launchpad IKA上线# #BTC#