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Individual users can earn up to 1,000 LOT — share from a total prize pool of 1,000,000 LOT!
🏃 Join now: https://www.gate.com/campaigns/1294
Complete deposit and trading tasks to receive random LOT airdrops. Exclusive Alpha trading task await!
As an experienced crypto trader, I'd like to share some unwritten rules in the circle that I hope will shed some light on those who are new to exploring this space.
First of all, the crypto assets market is a global stage where the competition between Eastern and Western powers is particularly evident. Real market movements usually occur between 21:30 Beijing time and 7:30 the next morning. Daytime declines often rebound at night, while daytime increases may correct at night.
Secondly, choosing the right timing to enter the market requires extra caution. A significant drop during the day usually indicates an opportunity, while at night there may be foreign funds stepping in. If there is a substantial rise during the day, it would be wiser to retain some funds to respond to potential nighttime pullbacks.
Moreover, the 'pin' patterns on the candlestick chart often contain important information. The longer the pin, the more likely it is to be a key buying or selling point, and we should not ignore this market 'language'.
It is worth noting that significant positive news is often used as an opportunity to offload. The price increase before important meetings or the announcement of good news often leads to a correction after the news is officially released, which is an old story.
At the same time, it may be wiser to operate in the opposite direction for the coins that are being hyped on social media. Conversely, those coins that are not receiving attention might suddenly explode.
Over-leveraging is a very dangerous behavior that can easily lead to liquidation. This is not just a matter of luck; it is more likely because your actions have been noticed by the exchange.
Grasping the timing of trades is also crucial. An early stop-loss or an overly heavy position can lead to missing good opportunities. Your emotional fluctuations may, in fact, become reference indicators for major capital operations.
Finally, when you feel that all coins are rising, it is likely the FOMO (Fear of Missing Out) trap, and the market may be inducing you to enter.
Overall, most of the trends in the crypto assets market are manipulated. The core of successful trading lies not in being smart, but in patience, composure, and a keen grasp of signals. We should strive to be hunters in the market, not cannon fodder.