It's hard to imagine that eight years ago, I was just an ordinary college student with no background, saving up a thousand yuan through frugal living, cluelessly stepping into the cryptocurrency market. At that time, I had no connections, no professional knowledge, and no so-called insider information. Like most people, I was an unnoticed newcomer in the market.

Over these years, I have experienced the joy of market surges, fallen countless times, endured the agony of deep entrapment, learned lessons from repeated losses, and polished my skills through countless late nights watching charts. Step by step, I went from a market novice to where I am now, gradually accumulating my own gains and living a life I once dared not imagine. I am never a naturally gifted trading expert; I am just an ordinary person who has survived in the market through practical experience and perseverance.

Today, I won't talk about empty principles or create so-called wealth myths. I just want to share with everyone the trading insights I’ve gained from losing real money over these eight years and from practical experience, without holding back. Every piece of advice is a warning earned from countless pitfalls. Mastering one can help you avoid many detours and large losses; practicing a few can help you avoid most traps in the market, far surpassing blindly following the crowd.

1. Rapid rise followed by slow decline is often the main force accumulating positions; don’t be shaken out
After a quick surge in the coin price, it often enters a slow decline with repeated oscillations, which can make many panic and sell off. In fact, this is usually the main force cleaning out floating chips and quietly absorbing low-cost positions. Be clear: only when there is a volume surge with a sharp rise, accompanied by a large bearish candle smashing down and a significant capital outflow, is it a true signal of distribution. Most other oscillations are just market shakeouts or false signals.

2. After a sharp drop, a slow rise—beware of trap setups, don’t blindly buy the dip
When the market experiences a significant decline and breaks downward, it may seem to recover slightly and rise slowly, which looks like a good buying opportunity. But in reality, it’s most likely a trap set by the main force to lure in more buyers. Blindly entering at this point can easily turn you into a bagholder, falling into a deeper entrapment. The true bottom is never a small rebound after a sharp decline.

3. No need to panic over volume at high levels; lack of volume and stagnation is a risk signal
When the price is at a high level and there is a surge in volume, it indicates that there is still capital involved, and the battle between bulls and bears is intense. The market still has the potential to fluctuate or even push higher. The most frightening situation is high-level sideways trading with no volume—no new funds entering, trading is cold, which is a sign that a sharp correction or collapse is imminent.

4. Sudden volume at the bottom is often a test; sustained volume indicates genuine stabilization
When a sudden large green candle appears at a low point, don’t rush to chase the rally. This is often a probing move by the main force, creating a false impression of a bottom. The real market bottom is confirmed after a long period of low-volume oscillation and sufficient chip consolidation, followed by a series of continuous volume breakthroughs. That’s a reliable signal that the market is starting to move.

5. The market is driven by sentiment; trading volume is more trustworthy than price
In the cryptocurrency market, candlestick patterns can be manipulated, and prices can be deceptive. But trading volume reflects the most authentic capital flow. Instead of obsessing over short-term price fluctuations, it’s more important to understand the capital behind the volume. Also, keep a steady trading mindset—loss of emotional control can make even large capital vulnerable to market volatility.

The crypto world has never been about wealth myths that appear out of nowhere. It’s about some people sticking to principles and avoiding traps, while others blindly follow the trend and get eliminated by the market. I share these personal experiences from the years I’ve been through, hoping that retail investors still in confusion can avoid many pitfalls, move forward steadily, survive longer, and navigate the market more smoothly.