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#IGT The 5 Laws of Cryptocurrency Trading in the crypto world!
1. Rising quickly and falling slowly is a way of accumulating positions.
Rapid rise but slow decline indicates that the dealer is accumulating chips in preparation for the next round of increase.
2. Falling fast and rising slowly indicates that goods are being sold off.
A rapid decline but a slow rise indicates that the market maker is gradually selling off, and the market is about to enter a downward cycle.
3. Don't sell when there's volume at the top, run away quickly when there's no volume at the top.
High trading volume at the top may continue to rise; however, if the trading volume at the top shrinks, it indicates insufficient upward momentum, and it's best to exit quickly.
4. Don't buy when there's increased volume at the bottom; you can buy when there's sustained volume.
A volume increase at the bottom may indicate a continuation of the downtrend, which needs to be observed; if the volume continues to increase, it suggests that funds are continuously entering, and buying could be considered.
5. Cryptocurrency Trading is about trading emotions, and consensus is about trading volume.
Market sentiment determines coin price fluctuations, and trading volume reflects market consensus and investor behavior!
6. Nothing equals everything