Rises quickly and falls slowly, the big player may be accumulating
When the price of the coin is soaring up rapidly but drops slowly, it may indicate that the big player is secretly accumulating chips, preparing for another big move.
Falls quickly and rises slowly, beware of the big player offloading
When the price is plummeting down quickly but rises back slowly like a snail, it often means that the big player is slowly offloading, and the market may be headed downhill.
Don’t rush when there’s volume at the top, run quickly when there’s no volume
When the price is sky-high and the trading volume increases, don’t rush, it may still rise; but if the trading volume decreases, then it’s time to withdraw quickly, as it won’t rise anymore.
When there’s volume at the bottom, observe more, take action only when there’s sustained volume
When the price has dropped to the bottom, don’t rush to buy when the trading volume is high; it may just be a resting point for the drop. If the trading volume remains high, it indicates that money is starting to flow in, and then you can consider bottom fishing.
Trading coins is about trading emotions, consensus is reflected in trading volume
Trading coins is about everyone’s emotions; as feelings fluctuate, the coin price moves accordingly. Trading volume is a direct reflection of whether everyone’s opinions are aligned.
