There are often new traders asking me if they can enter the crypto space. My standard answer is: "Learn to endure losses first, then consider how to make money." This market has never been about charts and indicators; it's about ruthlessly exploiting human weaknesses. What I am about to share are hard-earned lessons learned through real money losses, perhaps more valuable than any candlestick theory and more likely to save your life.

**Daytime crashes followed by nighttime rebounds are common operations**
Once the Asian trading session starts dumping, a rebound often occurs during the European and American market hours — I've seen this countless times over the past six months. The logic is simple: Asian retail traders are highly emotional; they panic at big drops, and institutional investors take advantage of this by accumulating at low prices. If you panic and cut your position during a daytime crash, congratulations — your chips are now perfectly positioned as someone else's low-cost entry.

**Daytime surges are even more dangerous; "drawing gates" are just bait**
See a coin suddenly surge over 20% during the day? Don't get caught up chasing it! The most common tactic in crypto is "drawing gates": a rapid rise in the morning, only to be pulled back to the original level in the afternoon. Especially those with no real positive fundamentals supporting the surge — nine times out of ten, it's just a trap for retail investors.

**Aggressive price dips are signals**
A deep wick that hits support or resistance levels often indicates an imminent change in direction. Mainstream coins like Bitcoin sometimes plunge to previous lows and then quickly rebound — this is usually the main force testing the market's panic level. Don’t be scared out of your position in such situations; instead, observe the strength and speed of the rebound carefully.

**Major positive news releases are signals to exit**
A pump before a meeting or event, followed by a sharp dump after official news is released — this is almost a rule. The market trades on expectations and imagination; by the time most people know the news, the big players have already sold off their holdings in batches. When good news is finally confirmed, it’s not the time for you to enter; rather, it’s a warning sign to be cautious.