Forward: Insights on roasting suckers in the crypto world for ten years

1. Don't get too attached to hot coins; when the profits from altcoins reach a certain point, you need to switch. Trying to ride a coin from start to finish will inevitably lead to failure. It's simple: altcoins can't keep rising forever. Once you've traded, you need to switch; otherwise, it will drop back to the original point, and your efforts would have been in vain. For example, the past FIL and LUNA.
2. After a high-level consolidation, if it breaks higher again, seize the opportunity to prepare for selling; after a low-level consolidation and a new low, a good opportunity is likely to appear. When the coin price consolidates at a high level and then creates a new high, be wary of the main force's inducement to buy, and do not hesitate to reduce positions or exit; when the coin price consolidates at a low level and then creates a new low, and quickly rebounds, it is likely the main force's final wash, at this time, one should remain steadfast and unshaken.
3. When the market environment is not good, the currency price will rise sideways against the trend, and a small rise against the trend will rise sharply.
4. Increase your position only when making money, do not average down when losing money. This may break the perception of many old friends. Our position should be increased when the coin price breaks through the previous high, rather than averaging down when it is continuously falling. Otherwise, the more you average down, the more you lose, ultimately becoming immobilized. It is essential to cut losses and let profits run.
5. As long as you recognize the bottom price, there will generally be a rise of two steps forward and one step back. At this time, do not doubt it; there is usually a big surprise following, especially when there is a trending rise, as it often involves a simultaneous increase and consolidation. Do not get off lightly.
6. First-class players look at the sector, second-class players only look at single coins, third-class players look at indicators, and the last-class players only gamble. The meaning is that when we want to buy a certain coin, we should first look at the sector. Only by focusing on hot sectors can the popularity be high and the win rate be high. Next, we look at the tokens. Those who only look at indicators are beginners, and those who look at everything are 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 frowning when trading coins. All indicators are calculated based on coin prices and trading volumes, 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, and in a downtrend, look for resistance. When the price of the coin is in an upward trend, operating based on the support line has a high success rate, presenting 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.