In the crypto world, after these days of struggling and learning, I have summarized some experiences that I want to share with my frens who have just entered the industry:

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1. Hot coins are tempting, and once you make a certain profit from altcoins, you have to swap. Don't think you can eat from the beginning to the end, that's basically a fantasy. The reason is simple, altcoins cannot keep rising forever; once you trade them, you must timely switch positions, or else they'll drop back to the original point, and all your previous efforts will be in vain. The examples of FIL and LUNA from that year illustrate this.
2. After a high-level sideways movement, there’s a spike; you must seize the opportunity to prepare for selling. If it’s a low-level sideways movement and it hits a new low, it’s likely a good time. If the coin price hits a new high after a high-level sideways movement, be wary of the main force trying to entice buying; when it’s time to reduce positions or exit, do not hesitate. If the coin price hits a new low after a low-level sideways movement and quickly rebounds, it’s very likely the main force's last washout; at this time, you must stay firm in your convictions and not waver.
3. When the market environment is poor, the coin price may rise against the trend while sideways, and a small rise against the trend may lead to a big increase; when the market environment is good, the coin price may slightly drop while sideways against the trend, and a small drop against the trend might lead to a significant decrease.
4. Only increase your position when making money; do not average down when losing, which may differ from the thoughts of many frens. Positions should be increased when the coin price breaks through previous highs, not when it's continuously falling. Averaging down in such situations will only lead to larger losses, leaving you immobilized in the end. It's crucial to cut losses and allow profits to continue growing.
5. As long as you recognize the bottom price, there will generally be a rising trend of advancing two steps and retreating one step. At this time, don't doubt it; there is often a big surprise ahead. Especially during a trend upward, it is always a process of rising while washing the盘, so don't easily get off the车.
6. Top operators look at sectors first; second-rate ones only look at individual coins; third-rate ones look at indicators; and the lowest tier are pure gamblers. This means that when buying coins, you should first look at the sectors, focus on hot sectors with high popularity and high win rates, and then look at specific tokens. Beginners who only look at indicators before entering the market, and gamblers who buy blindly without looking at anything are the ones who are just gambling.
7. Indicators change with the variation of volume and price, so volume and price are the source of indicators. Relying solely on indicators without considering volume and price will inevitably lead to worries when trading coins. Indicators are all calculated based on coin price and trading volume; real technical analysis requires looking at volume and price. A price increase requires substantial capital to drive it.
8. In an uptrend, look for support; in a downtrend, look for resistance. When the coin price is in an uptrend, operating based on the support line has a high success rate, and a pullback is an opportunity for a low buy; when in a downtrend, operating based on the resistance line has a high success rate, and this is a time to short or an opportunity to exit.
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