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The "hidden rules" of trading in the crypto world
Trading hours: In the crypto world, market trends mostly occur between 21:30 - 7:30 Beijing time. Significant rises often happen in the early morning; qualified traders sleep at 20:00 and start paying attention to trading at 4:00 AM.
Intraday rule: the domestic daytime drop can be copied to the bottom, and foreigners may pull the plate after 21:30; Don't chase high during the day, and it is easy to fall back at night.
Operation signal: The pin insertion is the key buy and sell signal, the deeper it is inserted, the stronger the signal.
News impact: Rises before major meetings or favorable news, then falls once it materializes.
Community signals: Coins that are highly recommended and heatedly discussed in the group are likely traps, so consider counteracting; coins initially not interesting as recommended by group members may take off, so a small trial could be worthwhile.
Trading Traps: Heavy positions can lead to liquidation, shorts only drop after stop-loss, rebounds stop when quickly getting out, prices pump when taking profit, easy to crash when excited, and projects go crazy when out of money to lure you in.
Key points of the transaction: Over 80% of the market is manipulated, control your position, take action when necessary, and do not enter the market until the intentions of the market makers are clear. It is a test of patience, determination, and timing. #BTC