I have been in the cryptocurrency circle for 10 years and have seen too many people die in the same pit: unable to distinguish between 'washing the盘' and 'selling goods'.
Last week, a brother anxiously asked me: 'Brother, this coin has dropped 30%, should I average down?'
I took a glance at the K-line and felt chilled; he mistook outright selling for an opportunity to wash the盘.
Averaging down? That's not an opportunity; it's a direct trap.
Let me give an example from earlier: a certain coin surged from 2U to 5U and then retraced, with retail investors excitedly shouting 'wash the盘'.
What happened? The more they averaged down, the more they trapped themselves, crying as they left the market.
Why? The signs of selling were clear: high volume at peak prices, trading volume multiplied several times, and the coin price just couldn't break through.
Sudden cliff-like decline, crashing directly from 5U to 3U, with no decent rebound in between.
After the drop, there's a tempting rebound that seems like it's taking off, but in reality, the volume shrinks; the main force just wants to trick the last bag holder into buying in.
This is not washing the盘; this is goods smashing you in the face.
Real washing the盘 looks like this: for example, GAMA, which I analyzed before.
During the decline, volume shrinks; during the rebound, volume increases, and the key support level is firmly held. That is the main force clearing out floating positions, not pushing you down the well.
Remember three life-and-death signals:
1· Shrinking volume during the decline, increasing volume during the rise → Washing the盘
2· Increasing volume during the decline, shrinking volume during the rebound → Selling goods
3· Slow decline during washing the盘, quick pull during selling goods, quick smash during weak rebounds.
The watershed for whether you can survive is here. You either continue to be harvested or learn to distinguish and stand on the side of the dealer.
That's how the cryptocurrency circle is; the market won't sympathize with your ignorance. Don't understand the K-line language?
You can only pay tuition repeatedly. The losses I've endured may exceed your current capital. But I persevered, so I always say:
In the past, I stumbled alone in the dark, now the light is in my hands, and the light is always on. Will you follow?
Some people ask me if I am willing to guide newcomers, I always say: My light is always on; those willing to walk towards the light and learn steadily will naturally see it.
I don't teach you to gamble; I teach you to earn steadily. If you are still being led by the market, please remember:
If you want to make big money in contracts, you first need to learn not to get liquidated. Only those who can survive are qualified to talk about the future.
No empty promises,
The team still has open positions. For brothers and sisters who want to learn the method and turn things around,
Let’s get on board and work together!
