That year, after a liquidation, I owed tens of thousands of yuan, living so tightly that I couldn't even afford a bowl of noodles costing 8 yuan. I stayed up at midnight watching the K-line chart, surviving on two-yuan instant noodles, drinking every drop of the broth. My mom sent preserved meat and sausages from my hometown, repeatedly reminding me over the phone not to starve. Who would have thought? Seven years later, there are assets of 40 million in my account.

Having experienced those heavy losses, I have figured out a few survival rules.

**First Pitfall: Not understanding the manipulator's tactics**

In 2018, I chased a certain public chain, watching it rise 40% in one go. After four days of sideways movement at a high level, I thought there was still room. But suddenly, it dropped 20% on high volume, and my principal was gone in an instant. Later, I understood this signal: when the coin price surges over 35%, stays sideways at a high for 3 to 5 days, then drops over 15% on high volume, it’s a sign that the main force is about to withdraw. Recognizing this helps avoid the trap; failing to recognize it makes you a leek.

**Second Trap: The danger of sideways consolidation at high levels is more covert than a big drop**

In early 2020, I held a certain coin, lying at a high level for three months. The trading volume gradually decreased, the turnover rate fell below 1.5%, and the price was still far from the 20-day moving average. I didn’t take it seriously. It wasn’t until it dropped to $8 that I realized. Now, whenever I see this pattern, I short it immediately, leaving no chance for my reaction.

**Third insight: The bottom is not felt, it’s spoken by volume**

In the year of "6・18," I bottom-fished a certain coin, thinking it was safe, but it kept falling. After analyzing hundreds of bottom cases, I saw the pattern: the true bottom is preceded by volume contraction and consolidation, followed by three consecutive days of gentle increasing volume with small positive candles. When Bitcoin dropped to $28,000 in 2023, this pattern appeared. I entered full position, and when it recovered to $45,000, I exited safely. The money earned paid the down payment for my house in Hangzhou.

**Fourth underlying logic: Volume is the foundation, position management is the soul**

K-line charts are just surface; real power comes from volume. My iron rule is: always operate with half a position, neither greedy nor afraid. In 2024, when a certain coin surges, I wait for it to break out of the box with increased volume, six times the usual, then enter. Once the trend line is broken, I immediately take profit. Although I only earned 10 times, I avoided the subsequent bloodbath.

Surviving in the crypto world depends on these principles. Keep your eyes on volume changes, and your fingers quick to hit the take-profit button. Only then can you survive through wave after wave of market cycles and laugh last.