#BinanceABCs Crypto trading, avoid these pitfalls at all costs

Want to achieve stable profits in trading? Mastering these key points can help you avoid most traps.

Breakthroughs at critical levels are often short-term opportunities
The moment the price breaks through important support or resistance levels is usually a market signal. But don’t follow blindly; observe how well the volume confirms the move.

A pullback after a big surge is a deadly trap for chasing high
Normal correction follows continuous rises. If you still dare to chase after a high, it’s a classic case of catching the falling knife. Waiting is always safer.

Price skyrockets but volume remains silent
This signal is a bit dangerous—main players might be creating a false bullish atmosphere. Divergence between price and volume often indicates an imminent reversal.

A sharp decline accompanied by low volume, versus a slow decline with high volume—there’s a big difference
The former might just be a volatile shakeout; the latter indicates genuine selling pressure, and it’s time to consider exiting.

The faster the rise, the more you should beware of the top
Rocket-like gains look exciting, but often mean the top is near. Spotting signs of a top early is much better than getting caught at the peak.

The golden rule of trading strategy: don’t chase highs, buy the dips
Wait until the price retraces to a reasonable level before entering. The risk and cost of chasing highs are too high.

Multiple timeframes resonating reveal the main force’s intentions
Focusing only on the daily chart is too narrow. Combining weekly and monthly charts makes the overall trend and main players’ moves much clearer.

Small fluctuations are not a concern; be cautious with continuous large rises
Market jitters are normal. But if new highs are continuously made, ask yourself—how much longer can this height be sustained?

A new low combined with low volume may indicate the bottom is near
Price hits a new low but volume shrinks to the limit, usually signaling a bottom zone. During rebounds, a volume increase is the real signal—indicating a genuine entry point.

Trading requires discipline and patience. Market opportunities are always present; the key is whether you can wait for the one that belongs to you.