Understanding your struggles in the crypto world: Fear of missing out during bull runs, fear of getting trapped during dips, watching Bitcoin oscillate around $88,000, with a trading volume of $47 billion over 24 hours behind all the speculation, it's hard to even get a good night's sleep.
Three years ago, my cousin was in the same position, with only 10,000 USDT in her account, having fallen into traps set by market makers and getting caught in false breakouts, until she transformed her trading from "gambling" to a skill of "watching volume and price," gradually stabilizing her rhythm.
Here are 6 practical tips to help you avoid detours:
1. When facing "sharp increases and slow decreases," don't get overexcited; this is a common tactic used by market makers to wash out floating capital. A true peak will only result in a direct crash; don’t buy into the narrative of a "healthy correction";
2. In a "quick drop and slow rise," don’t be greedy for cheapness; the rebound after a sharp fall is likely a trap to bait buyers, and there are no free lunches in the market;
3. Keep a close eye on trading volume at high levels; for example, on December 15, when the cryptocurrency index plummeted by 9.6%, the volume surged to $10.369 billion. A high price without volume is a risk signal;
4. For bottom hunting, don’t just look at the daily volume; continuous volume increases for 3 days after consolidation is a signal for capital entry, which is much more reliable than a single volume spike;
5. Candlestick patterns can be faked, but volume doesn’t lie. Recently, when Bitcoin was oscillating within a narrow range, the shrinking volume indicated a lack of market strength;
6. Holding cash is a necessary lesson; the current market is in a tug-of-war at the key support level of $83,000, staying calm and not acting impulsively is more important than blind trading.
There are many pitfalls in the crypto world, but you don’t have to explore them alone; finding the right rhythm can help you pay less tuition.
Follow me for practical techniques that can be applied, see you in the Binance chat room. @比特阿猫
