1. Chasing Breakouts Is A Big No:
Its not uncommon for a lot of newbie investors prefer to invest into coins that are already going up in price because it seems like a better option.
It’s an impulsive decision and you have to practice not falling into the situation by ignoring coins that are up even when it looks like the momentum will continue.
2. Checking Crypto News is Important:
Watching analysis of crypto news is the best way to understand what’s going on in the crypto market.
When I started learning about cryptocurrency, I had to check in to different news sources to know whether there’s any information that can affect the price of an asset.
3) The Dips are Good
The popular strategy of buying the dip is more effective when you are investing in one or two coins that are being monitored on a watchlist
It’s a fact that coins have their own momentum which can be good if you are paying attention to it
By using 1 hr chart or 4hr chart, it’s easy to notice when a trend reversal starts.
