Buy horizontal, buy the pit, don't buy vertical; the selling point is right at the boiling point. Continuous small increases are real increases; continuous large increases require exiting the market. A sharp drop with low volume is a scare tactic, while a slow drop with high volume means you should withdraw quickly. A significant rise requires a pullback; don't dig deep holes and don't buy heavily.
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Classic Trading Volume Mnemonic
Buy horizontal, buy the pit, don't buy vertical; the selling point is right at the boiling point.
Continuous small increases are real increases; continuous large increases require exiting the market.
A sharp drop with low volume is a scare tactic, while a slow drop with high volume means you should withdraw quickly.
A significant rise requires a pullback; don't dig deep holes and don't buy heavily.