After ten years of Cryptocurrency Trading, my six iron rules!

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Rule One: Insight into market sentiment, trading volume is the core indicator.
- Trading volume rises while prices stabilize: A significant increase in trading volume alongside stable prices may indicate the end of a downward trend.
- High Trading Volume with Stagnant Prices: A surge in trading volume with no significant price increase may indicate a short-term peak has been reached.
- An increase accompanied by a rise in trading volume: During the upward movement, trading volume must maintain steady growth, while an abnormal reduction or surge may indicate the end of the bullish trend.
- Key node volume expands during a decline: When the price drops to a critical level, the trading volume surges, indicating that the downward trend may continue.
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Iron Rule 2: Key price levels guide trading decisions
- Support, Resistance, and Trend Lines: Taking decisive action when prices hit these key levels is crucial!
- Golden Ratio Rule: I use it to accurately predict support and resistance, with significant results.
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Iron Rule Three: Comprehensive Analysis of the Market Across Multiple Time Frames
- One-minute chart: Capture precise entry and exit timing.
- Three-minute chart: Monitor the price fluctuation trend after entering.
- 30-minute to 1-hour chart: Capture the subtle changes in daily trends.
Rule Four: Stay Calm After Stopping Losses
- Stop loss means the end of the trade: each trade is an independent starting point; don't let the past influence your judgment.
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Iron Rule 5: Efficient Position Management Strategy
- Three-Stage Position Building Method:
1. The coin price stands above the five-day moving average, initial position building.
2. Break through the fifteen-day line and increase the position.
3. Stand firm on the 30-day moving average and wait with a full position.
- Strict stop-loss discipline: Reduce positions when falling below the five-day moving average; further reduce when falling below the fifteen-day moving average; completely withdraw when falling below the thirty-day moving average!
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Rule Six: Exit strategy is equally important.
- High position breaks below the five-day line: moderately reduce positions and observe changes.
- Breaking below the 15-day and 30-day moving averages: decisively liquidate positions, leaving no regrets.