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Looking at today's currency circle, I can't see others losing money, how to make yourself invincible, at least it can save you a few years of detours, and what you learn can turn defeat into victory! 👇
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💎Regarding volume: As the saying goes, before the troops move, the supplies must be in place. The formation of the previous trend requires volume as a crucial element, especially the first increase in volume after a period of sideways movement. This should be closely monitored; it is not the best entry point. The first increase in volume will inevitably lead to a pullback. When the second increase in volume occurs, that will be our best entry opportunity!
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💎In terms of price: it is essential to look at the closing price; the fluctuations during the day are not important. If the closing price can hold steady, it indicates that the main forces are really about to take action. How to distinguish between a real and fake pump? If the closing price can settle above the resistance level, then the probability of a breakout is very high!
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💎Entry Time: Before the breakout, it is best if the coin price has experienced a long period of sideways accumulation, the longer the better. The chip concentration area should ideally have less than 10% fluctuation. Once the main force completes a large amount of accumulation in such a mark, it will inevitably move forward with a devil's pace that doesn't look back!
💎Regarding resistance levels: It is essential to identify previous resistance levels. For example, during a previous decline, if there was support in that range and it stayed in that area for a long enough time, then that position becomes the resistance level for an upward movement. Normally, when reaching a critical resistance level, the first direct breakout can generally be regarded as a false breakout. At this position, it is advisable to exit first and wait for a minor pullback to re-enter.