🌹Short-term Cryptocurrency Trading Six Rules + Analysis of Chen's Theory, Lesson Four 👇
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1. Coin prices often reach new highs or lows after consolidating at high or low levels; wait for the direction of the change to be clear before trading.
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2. Do not trade in a range;
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3. Buy on a daily bearish line and sell on a bullish line;
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4. The decline slows down and the rebound is slow; if the decline accelerates, the rebound is fast.
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5. Position building according to the pyramid method;
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6. After the coin continues to rise and fall, it will consolidate. At this point, do not sell everything at the high or buy everything at the low. After consolidation, there will be a trend change. If the trend changes to bearish, liquidate your positions and act #WhaleMovements
=======================
1. Coin prices often reach new highs or lows after consolidating at high or low levels; wait for the direction of the change to be clear before trading.
=======================
2. Do not trade in a range;
=======================
3. Buy on a daily bearish line and sell on a bullish line;
=======================
4. The decline slows down and the rebound is slow; if the decline accelerates, the rebound is fast.
=======================
5. Position building according to the pyramid method;
=======================
6. After the coin continues to rise and fall, it will consolidate. At this point, do not sell everything at the high or buy everything at the low. After consolidation, there will be a trend change. If the trend changes to bearish, liquidate your positions and act #WhaleMovements
