Cryptocurrency Speculation for ten years, entering the market with 50,000, now supporting the family with cryptocurrency trading! It can be said that I have used 80% of the market's methods and techniques. If you want to treat cryptocurrency trading as a second profession to support your family, sometimes it's good to listen and observe more. You may discover some unexpected insights, at least it can save you from wasting five years.

How to determine whether a currency has formed a breakthrough? It can be approached from four aspects: volume, price, time, and space.
1. Volume: Before the troops move, the supply needs to be secured. In the early stage of trend formation, substantial volume is essential, especially for the first volume surge after a long period of sideways movement. This requires our close attention. However, this is not the optimal entry point. Generally, the real opportunity comes after a pullback in trial trading and the end of market maker whipsawing, followed by a second volume surge and rise.
2. Price: Generally, focus on the closing price. No matter how turbulent the process is, if the closing price can hold steady, it indicates that the market makers are truly involved! This is the key to distinguishing true and false breakthroughs. In summary, if the closing price can be above the resistance level, the probability of a true breakthrough will greatly increase.
Before the breakthrough occurs, it is best for the price of the currency to have experienced a long period of sideways consolidation, lasting more than 3 months. The concentration of chips should be less than 10% in order for the market maker to fully accumulate. Only then will the subsequent rally have stronger explosive power.
4. Short: To identify the key resistance level, this resistance level could be the starting and ending position of the previous volume adjustment, or it could be the neckline position of the W-bottom or head and shoulders pattern, or it could be the round number level of the coin price. Once the resistance level is clear, the potential upside can be easily measured when the coin price breaks through it.
The basis for judging a sideways breakthrough is the above four dimensions. In order to deepen everyone's understanding, Brother Bin has decided to share some of the cryptocurrency trading notes that I personally wrote and have been treasured for many years. Each of these summaries embodies the essence formed by countless days and nights of reviewing the market.
"Give someone a rose and your hand will have a lingering fragrance. Share dry goods irregularly!"
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