🎉【Gate Singapore Flagship Event · Square Fun Quiz Challenge Day 1】
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📖 Day 1 · Quiz (Single Choic
6 iron rules that you must know to navigate the crypto world! How many do you know?
Rule 1: Slow decline after a sudden surge - Don't rush to sell!
If the coin price suddenly shoots up like a rocket and then slowly declines, don't rush to sell. This is the operators playing the "washing" trick, deliberately shaking out the unstable retail investors. If you stay calm, they won't be able to do anything to you.
Article 2: Slow rebound after a crash - Don't catch the bottom!
If the coin price directly "plummets" and then climbs up slowly like a snail, don't think you are smart by trying to buy the dip. At this time, the market makers might be secretly offloading their assets, and what you think is the "bottom" could be a trap. Remember: don't buy the dip during a sharp drop, and a slow rebound is even more dangerous.
Article 3: Don't panic when there is high volume at a high position, but run quickly when there is no volume at a high position.
When the coin price rises to a high level, if the trading volume remains large, it indicates that there is still capital to take over, and there may be another surge; however, if the trading volume suddenly shrinks to a low level at the high point, like a stagnant pool, then it's time to run!
Article 4: Don't get excited by the volume at the bottom; continuous volume is what matters.
When the coin price suddenly surges with a large volume at the bottom, don't be too excited. A one-time surge in volume may be a tactic by the market makers to artificially inflate the price and lure you in, making you think a rebound is coming, but once you enter, you might end up being trapped.
Article 5: Trading coins is actually trading mindset; the relationship between volume and price is key.
Stop staring at the candlestick charts all day studying technicals; you think you're analyzing trends, but you're actually observing human nature. The market makers are just using the greed and fear of retail investors to harvest profits.
Article 6: There are always opportunities in the crypto world; what is lacking is the eye to discover those opportunities.
Stop saying "there's no chance" and "the market is over"; what the crypto world lacks the least is opportunities. Follow me, and I will help you analyze market signals every day and prepare in advance. When opportunities come, you need to have the ability to seize them; when there are no opportunities, just keep your hands still and don't act recklessly. Remember: this market is not short of opportunities, but rather short of skills and discipline.
If you can understand three of these six iron rules, no one in the crypto world can cut your leeks; if you can't even do three, it's better to leave the circle early for your own safety.