#数字资产市场观察 A while ago, there was a fren who was trading and almost got liquidated.

The phone has become a psychological shadow - after more than a decade with the same number, I can only dare to keep it on silent. I can't sleep soundly at night, the market trends are etched in my mind, I wake up in a panic from dreams of a crash, my T-shirt is drenched. In the end, he couldn't help but reach out to me to chat.

I shared the pitfalls I encountered and the lessons I learned with him. A few months later, this guy really turned his life around:

**First look at trading volume, then look at candlestick chart**
Price is just a facade; volume reveals the true intentions. A rise without volume is just a false signal, and a high point without volume is a trap. Increased volume is not necessarily a good thing; it depends on the position—single-day volume increase at the bottom may be a bait, while consecutive days of volume increase can be considered a true bottom formation.

**After a sharp rise, a slight decline? Beware of the boiling frog in warm water**
A rapid rise followed by a slow decline may indicate that the major players are gradually distributing at high levels. Don’t assume that "it has risen so much already, it won't fall"; the most dangerous times are often when things seem very stable.

**Bottom Fishing After a Flash Crash? Don’t Rush to Buy the Dip**
After a vertical drop, a slow rebound is not a signal to pick up bargains; it may be the last wave of harvesting bottom positions. The thought of "where else can it drop after falling so much" is the easiest way to trip oneself up.

**Top with volume is not necessarily a peak, top without volume is dangerous**
If the volume continues to increase at a high level, there may still be a final surge; if it suddenly quiets down at a high level and the trading volume shrinks, that is a sign that a collapse is imminent.

**Trading is a game of human nature**
The K-line trend is the result, behind which are human greed and fear. Trading volume is the externalization of emotions—when no one is playing, it naturally becomes light, and when funds flow in, it will inevitably increase.

**The Highest Realm: Doing Nothing**
Protecting your principal is more important than anything else. Not every market movement requires participation; if you don’t understand it, stay out.

Half a year later, he messaged me: "The debt is paid off, and now I dare to check my phone at midnight — it's an old fren asking to grab some skewers."

The market is always there; only those who survive have the next opportunity.

This is not about metaphysics; it is only suitable for those who want to review seriously and can be tough on themselves.