#MAGIC crypto world ten years of experience in harvesting suckers

1. Hot coins should not be clung to; when profits from altcoins reach a certain point, they should be exchanged. Trying to ride a coin from start to finish will inevitably lead to disappointment. The reasoning is simple: altcoins cannot rise forever. After trading, you need to exchange; otherwise, if they drop back to their original point, it will all be in vain. For example, the FIL and LUNA of that year.
2. Consolidate at high levels before attempting to rise again; seize the opportunity to prepare for a sell-off. When consolidating at low levels with new lows, there is a high probability of a good opportunity emerging. When the coin price consolidates at high levels and then reaches new highs, be wary of the main force trying to induce buying—don't hesitate to reduce your position or exit. Conversely, when the coin price consolidates at low levels and then creates new lows but quickly rebounds, it is highly likely that it is the main force's final shakeout; at this time, one should remain firm and resolute.
3. When the market environment is poor, the coin price will rise against the trend, and a small rise against the trend can lead to a large increase. When the market environment is good, the coin price will slightly drop against the trend, and a small drop against the trend can lead to a large decrease.
4. Only increase your investment when making money, do not average down when losing money. This may break the understanding of many old friends. We should increase our positions when the coin price breaks through the previous high, not when it keeps falling. Averaging down like this will only lead to larger losses, ultimately making it impossible to move. It is essential to cut losses and let profits run.
5. As long as you are certain of the bottom price, there will generally be a rise of two steps forward and one step back. At this time, do not doubt it, as it is usually followed by a big surprise, especially when the trend is rising, it is always a simultaneous increase and consolidation. Do not get off easily.
6. First-class players look at sectors, second-class players only look at single coins, third-class players look at indicators, and the lowest-class players just gamble. This means that when we want to buy a certain coin, we should first look at the sector; only by focusing on hot sectors can we have high popularity and high winning rates. Next, we should look at tokens; those who only look at indicators are beginners, and those who look at everything are just gamblers.
7. Indicators change with volume and price, so volume and price are the source of indicators. Not looking at volume and price while relying on indicators will lead to frowns when trading coins. Indicators are calculated based on coin price and trading volume, so true technical analysis requires looking at volume and price; the rise in price needs a large amount of capital to drive it.
8. In an uptrend, look for support; in a downtrend, look for resistance. When the coin price is in an upward trend, the success rate of operating based on the support line is very high, providing opportunities for buying on dips. In a downtrend, the chances of successful operations at the resistance line are very high, allowing for short positions or opportunities to exit. #Gate.io 创始人12 周年公开信 #MemeBox2.0 全新上线 #加密市场反弹