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Bottoming out
Crypto coins usually fluctuate up and down, and if the coin price has multiple peaks, and coin prices rise in small steps for a long time. If the large peak is already achieved, then the below peaks, which are the profit-making positions, already sold out. The potential for further increase is highly possible. Never miss this opportunity; if you find a better position below the peak, you should participate because the price growth is very large.
Single high and fall
If the coin price peak forms a single-peak dense pattern, if it is with a large volume. It is the indication of the new market wave. If you chase this high, you are in the wrong position because there are many profit-taking orders in between the peaks. The coin prices will certainly fall to a low level and rise again.
Upward market
If the coin prices form multiple peaks on the way up, each peak will become a strong support level. You never participate until it dips. In addition, after you have bought from the dip, when the new peak is achieved, the first peak gets reduced but still exists. If the new peak is higher than the previous peak, you must exit at a better winning rate. Because new traders enter the market to chase the new peak and previous ones with low-cost orders going to sell out.
Coin prices are broken down.
When you see that the coin price breaks through the peak during the consolidation and never recovers, this peak has a huge suppression, and it is very difficult for the coin price to rise again. This is basically the new round of decline, so take your risk measures.
Rebounds
During the declining process, small coin price rebounds are most likely to trap traders. If you also found this, you should look at the previous peak. If the coin price makes a V-shaped reversal, then you should wait until any break-through occurs.
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