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#BOME #BOME #共庆Gateio11周年
Cryptocurrency Trading for more than ten years, I entered the market with 50,000 and now I support my family through cryptocurrency trading! It can be said that I have used 80% of the market's methods and techniques. If you want to treat cryptocurrency trading as a second profession to support your family, sometimes it's good to listen and observe more. You may discover some things that are beyond your understanding, at least it can save you from making unnecessary detours for five years!
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How to determine if a currency has formed a breakthrough? You can start from four aspects: volume, price, time, and space.
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1. Volume: When a trend is forming, volume is an essential factor, especially during the first volume spike after a long period of sideways movement. We need to pay close attention to this. However, this is not the best entry point. Generally, the real opportunity comes after a pullback and the end of market maker's whipsaw, followed by a second volume spike and upward movement.
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2. Price: Generally, look at the closing price. No matter how turbulent the process is, if the closing price can hold steady, it means that the market makers are serious! This is the key to distinguish between true and false breakthroughs. In summary, if the closing price can be above the resistance level, the probability of a true breakthrough is greatly increased;
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3. Timing: Before a breakout occurs, it is best for the price to have experienced a long period of sideways consolidation, lasting more than 3 months. The concentration of chips should be less than 10% for the market maker to fully accumulate. Only then will there be a stronger explosive force during the subsequent surge.
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4. Short: To identify the key resistance level, the resistance level here may be the starting and ending position of the volume adjustment in the early stage, or it may be the neckline position of the W bottom or head and shoulders bottom, or it may be the integer level of the coin price. As long as the resistance level is clear, once the coin price breaks through, the potential for price increase can also be easily measured.
The basis for judging a sideways breakthrough lies in the above four dimensions. In order to deepen everyone's understanding, K God has decided to share with you some of my personally written cryptocurrency trading notes that have been treasured for many years. Each summary in it represents the essence formed by countless days and nights of reviewing.
Give people roses, have a lingering fragrance in your hands, and share dry goods from time to time!
Thumbs up, follow, and share are the greatest support!
#比特币 Ethereum
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