5 golden rules recognized by old suckers in the crypto world to avoid three years of detours.
In the crypto world, market conditions change rapidly, but veteran players who have been through the ups and downs over the years have summarized a few "golden rules." This is not metaphysics, but the sedimentation of market rules. Understanding it can at least help you avoid a lot of pitfalls. Rule 1: Rises quickly, falls slowly = Suckers After a rapid surge, when the price enters a slow pullback, it often does not indicate a peak, but rather that the manipulators are quietly accumulating chips. Once the chips are sufficiently gathered, the next explosion could arrive at any time. Rule 2: Drops quickly, rises slowly = Selling off After a sharp decline, if the rebound is weak and the rise is slow, it indicates that the big players are gradually selling off. This kind of trend often means that the market has entered a downward cycle, so extra caution is needed. Article 3: Don't panic when the volume increases at the top, run fast when the volume decreases at the top. In a high price range, if the trading volume increases, the market may surge further; however, once the volume suddenly decreases, it indicates insufficient momentum and weak bulls, at which point one should consider exiting. Article 4: Don't rush to buy when there's a surge in volume at the bottom; continuous volume increase is the real signal. If the volume suddenly increases at the bottom, it is likely just a struggle during the downtrend and does not indicate a reversal. However, if the volume continues to expand, it indicates that funds are continuously entering the market, which is a good opportunity to position yourself. Article 5: Trading coins relies on emotions and consensus, don't talk about the big picture. The crypto world is an emotionally driven market. Price fluctuations are determined by market sentiment, while trading volume depends on consensus. Focusing solely on "talking about the pattern" may ultimately leave you standing guard and footing the bill. These five rules are the experiences that countless old suckers have exchanged for real money. Understanding them can help you avoid detours, while not understanding them may mean you keep paying tuition.
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5 golden rules recognized by old suckers in the crypto world to avoid three years of detours.
In the crypto world, market conditions change rapidly, but veteran players who have been through the ups and downs over the years have summarized a few "golden rules."
This is not metaphysics, but the sedimentation of market rules. Understanding it can at least help you avoid a lot of pitfalls.
Rule 1: Rises quickly, falls slowly = Suckers
After a rapid surge, when the price enters a slow pullback, it often does not indicate a peak, but rather that the manipulators are quietly accumulating chips. Once the chips are sufficiently gathered, the next explosion could arrive at any time.
Rule 2: Drops quickly, rises slowly = Selling off
After a sharp decline, if the rebound is weak and the rise is slow, it indicates that the big players are gradually selling off. This kind of trend often means that the market has entered a downward cycle, so extra caution is needed.
Article 3: Don't panic when the volume increases at the top, run fast when the volume decreases at the top.
In a high price range, if the trading volume increases, the market may surge further; however, once the volume suddenly decreases, it indicates insufficient momentum and weak bulls, at which point one should consider exiting.
Article 4: Don't rush to buy when there's a surge in volume at the bottom; continuous volume increase is the real signal.
If the volume suddenly increases at the bottom, it is likely just a struggle during the downtrend and does not indicate a reversal. However, if the volume continues to expand, it indicates that funds are continuously entering the market, which is a good opportunity to position yourself.
Article 5: Trading coins relies on emotions and consensus, don't talk about the big picture.
The crypto world is an emotionally driven market. Price fluctuations are determined by market sentiment, while trading volume depends on consensus. Focusing solely on "talking about the pattern" may ultimately leave you standing guard and footing the bill.
These five rules are the experiences that countless old suckers have exchanged for real money. Understanding them can help you avoid detours, while not understanding them may mean you keep paying tuition.