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How to survive in this market and how to position yourself to be invincible; at least it can save you a few years of detours, and what you learn can directly turn the tide in your favor! 👇
First, observe the trends. How to understand trends: trend lines are divided into long-term and short-term trends. Long-term trends are observed on daily, weekly, and monthly charts, while short-term trends are observed on 5-minute, 1-hour, and 4-hour charts. Trend patterns indicate that in a bull market, prices will rise continuously, while in a bear market, prices will fall continuously. A sudden surge will hit a peak and then retrace, while a sudden drop will hit a bottom and then rebound. Observe trading volume; an increase in volume with a price surge indicates bullishness, while a volume increase with a price drop indicates bearishness. Pay attention to the MACD line's movement, which is very useful. This mainly involves three indicators: first, the operating range of the MACD; when above the zero line, it indicates bullishness, while below indicates bearishness and no trend reversal. Secondly, when the fast line and slow line create a golden cross, it indicates bullishness; when they form a death cross, it indicates bearishness.
Secondly, pay attention to the price points. If the closing price can increase every day, it indicates that the main force is coming in. If the closing can stay above the resistance level, then the probability of a real breakthrough is very high!
Third, look at the trading volume. Before a coin is pumped, the price of the coin has gone through a long period of accumulation with low trading volume. The longer this period lasts, the better. Be patient and wait for the main force to finish accumulating before suddenly pumping the price, which can at least increase by 5 times.