The monetary wind has entered the coin world for over 10 years now. With an initial capital of 5000, I managed to earn over 10 million during the bull market, then lost everything in three years and even invested another 7 million, ultimately borrowing 200 thousand to get back on my feet and earn 10 million again. Along this journey, I summarized ten iron rules of cryptocurrency trading, and today I share them with you, hoping it helps you avoid mistakes!
- Iron Rule 1: Understand market emotions, trading volume is key. - Increase in volume without decline: if the trading volume is rising but the price does not drop, this may be a signal of a stop in the decline. - Increase in volume without growth: trading volume is increasing, but the price is not rising, in the short term this may indicate that a peak has been reached.
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The monetary wind has entered the coin world for over 10 years now. With an initial capital of 5000, I managed to earn over 10 million during the bull market, then lost everything in three years and even invested another 7 million, ultimately borrowing 200 thousand to get back on my feet and earn 10 million again. Along this journey, I summarized ten iron rules of cryptocurrency trading, and today I share them with you, hoping it helps you avoid mistakes!
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Iron Rule 1: Understand market emotions, trading volume is key.
- Increase in volume without decline: if the trading volume is rising but the price does not drop, this may be a signal of a stop in the decline.
- Increase in volume without growth: trading volume is increasing, but the price is not rising, in the short term this may indicate that a peak has been reached.