A lot of traders will hate me for sharing this for FREE, but I will delete this thread soon.

Here are all the secrets from my 4 years of experience

➬ Some people learn faster than others.
➬ Some will achieve success in a few months, while others will take years.
➬ Someone will enter the market during a bull run.
➬ Someone will be happy because of the half-percent green candle.

One thing sets successful people apart: they don’t quit.

They don’t leave even though there is no positive result.

And so that you do not end up among those who quit trading halfway, I tried to highlight some rules, the adoption of which will make your journey easier

① There are no absolutes in trading - there are only probabilities:

You don't know where the price will go.
You don't know how much you will earn this month.
You don't know whether the next trade will bring profit or loss.

All you are doing is constructing probabilities.

② Supply and demand are fundamental concepts that drive the movement of prices:

When supply exceeds demand, prices tend to fall as sellers compete to find buyers.

Conversely, when demand surpasses supply, prices typically rise due to increased competition among buyers.

③ There is no magic system:

But there is a system that will suit you personally.

You can make it out of anything.

No matter what concept you use, if in your hands the RSI indicator is able to generate profits, great. If it's Fibonacci or smart money - also great!

④ Analyze the chart simultaneously on both the Higher Time Frame (HTF) and Lower Time Frame (LTF):

The support and resistance levels on the higher time frame will be stronger. However, on the lower time frame, you may discover better entry opportunities.

⑤ The market always moves in two ways:

Accumulation involves smart money gathering a large position in a specific asset, while distribution involves selling a substantial position in that asset.

In between, there are markup and markdown phases.

⑥ Learn how to accurately identify a trend:

A trend shows the direction in which the price is expected to move:

Uptrend each low and high of the price is higher than the previous one.
➬ HH, HL

Downtrend each low and high of the price is lower than the previous one.
➬ LL, LH

⑦ Simplicity = the key to success:

The most profitable systems are assembled from primitive and understandable variables.

There is no need to assemble a sports car from thousands of parts and mechanisms. A bicycle will be enough to help you earn money for this sports car.

⑧ Risk management principles are your holy grail:

Many traders have decent systems but a terrible approach to risk management. A few adjustments can dramatically change the results.

Personally, I use a 1:3 RR ratio in my trades, but this may vary depending on the trade.

⑨ The trader is at the center of everything:

By itself, any setup is a useless piece of shit. It doesn't provide any advantage.

The advantage lies in the person who trades the setup.

How a trader acts in a situation is more important than any pattern or TA indicator.

⑩ Understand how the market cycles are simply working:

Buy fear and sell euphoria, period.

Low prices are an opportunity.
High prices mean sales opportunities.

⑪ Understand how Fibonacci retracement works:

Fibonacci levels help determine optimal times to buy or sell an asset.

Key levels to watch are 0.5, 0.618, and 0.786.

After a bullish price movement, simply draw the Fibonacci levels from the low point to the high point.

⑫ Be patient:

Instead of chasing the price, let it come to a predetermined level and enter a position when this happens.

Don't go surfing when there are no waves. Just wait.

⑬ Learn the basics of Smart Money Concept:

Smart Money refers to experienced traders or institutions with insights and resources.

The Smart Money Concept is a set of tools that can be used to track the actions of major players in the market.

It operates on some principles

Don't miss out on the next alpha! Follow and like

$BTC $ETH #TrendingTopic #Write2Earn #BTC

The post TOP 10 Altcoins Under $0.10 to Buy in 2024! appeared first on Coinpedia Fintech News

Considering you do not live under a rock, the stars are aligning for the crypto bulls in 2024, from the fourth Bitcoin halving coming this year to the Bitcoin ETFs getting approval. The potential altcoin season seems just around the corner. 

Amidst the upcoming altcoin season, the most significant altcoins are sure to perform. However, these altcoins are already too big to give exponential returns in the coming season. 

To find such coins with the potential for remarkable performance, let’s look at the coins under $0.10. These coins are much easier to invest in, and most are small caps, so the chances of a bull run in these are astronomical. 

So, are you prepared to dive into the volatile parts of altcoins under $0.10 that could skyrocket soon? Here are the top 10 altcoins under $0.10 that you should consider buying before the bull run begins. 

BONK (BONK)

Being the biggest meme coin in the Solana ecosystem, the BONK crypto is ready for a bull run this altcoin season. Despite a notable pullback in the daily chart, the BONK crypto price is prepping for a leap with consolidation in motion. 

Trading below the 50D EMA, the BONK crypto is under a consolidation range for the time being with the lower high trend formation. Furthermore, the chances of a double bottom pattern are arising with the dynamic average line as the neckline. 

Hence, a breakout above the 50D EMA will prolong the reversal rally in the BONK price and potentially reach the $0.000025 mark. Optimistically, the meme coin can reach the $0.000050 mark, considering the altcoin season arrives in this “pre-halving rally” season for Bitcoin. 

GALA (GALA)

GALA, in the thick of the Gaming/Metaverse buzz, is enduring market pressure yet stands at the edge of a trend reversal. The emergence of a potential double-bottom pattern could signal a joyride up to the $0.035 threshold if bulls take the helm.

Hence, with the increasing anticipations around the reversal and avoiding the death cross possibility, the GALA price 

Shiba Inu (SHIB)

Shiba Inu is the second biggest crypto in the meme coin sector, with a market cap of $5.30 Billion. With the ongoing correction, the descending wedge traps the trend momentum of this highly volatile meme coin. 

However, with the increasing likelihood of a bullish breakout with the reversal from the 200D EMA, the SHIB price is ready for a high-speed uptrend. In case the bullish breakout rally surpasses the $0.000010 mark, the uptrend can lead to massive gains in 2024, potentially giving 10x returns.

Dogecoin (DOGE)

Being the only meme coin with a bigger market cap than Shiba Inu, the world’s first meme coin, Dogecoin, still has a lot of bullish potential. Dragging near the 200D EMA, the altcoin is avoiding a drop below the crucial 200D EMA. 

However, the growing divergence and the anticipations of a new altcoin season could fuel this month’s DOGE price rally. As per the Fibonacci levels, the breakout trend could result in a price jump beyond the $0.10 mark. 

Oasis Network (ROSE)

With a remarkable bull run in the last weeks of 2023, the ROSE price trend has set a bullish spiral in motion. In this upward cycle, the altcoin is sustaining above the $0.10 mark and gives a pullback breakout setup for sideline traders to enter with confidence. 

Currently, the altcoin is sustaining above the 50-day EMA and gives a successful retest of the breakout. As per the Fibonacci levels, the ROSE price closing above $0.115 will signal a bullish trade opportunity. 

Siacoin (SC)

With a rounding bottom reversal in the weekly chart, Siacoin is preparing a years-long trend reversal. Bouncing back stronger from the low of $0.002, the SC price trend eyes a trend breakout above $0.013. 

As per the trend-based Fibonacci levels, considering the uptrend gains momentum this February, the SC price can reach the $0.025 mark again. 

Hedera Hashgraph (HBAR)

Despite the recent failure to sustain the double-bottom breakout rally, the HBAR price is testing the 50-day EMA. In hopes of regaining the bullish momentum, the altcoins show high potential for a bullish month. 

Currently, the downfall shows a declining trend in trading volume, which projects a possibility of a bullish turnaround. Considering the buyers regain control, as per Fibonacci levels, the HBAR price can reach the $0.12 mark.

HEX (HEX)

With the growing possibility of a golden crossover, the HEX price is ready for a turnaround and reclaim the $0.010 mark. Currently, the uptrend faces opposition from the dynamic 200-day EMA, leading to consolidation with the 50D EMA as the baseline. 

Further, with the ongoing consolidation, the divergence in the RSI line projects a high likelihood of a bullish breakout. Hence, in case of a bullish outcome, the HEX price can reach the $0.014 mark. 

Marlin (POND)

Marlin is a cutting-edge protocol designed to enhance the infrastructure of DeFi and Web 3.0 with high-performance capabilities. Within the Marlin ecosystem, nodes known as Metanodes power the MarlinVM. 

With the growing DeFi sector, the altcoin can result in a sharp bull run in the coming days. Further, the remarkable spike in the trading volume supports the ongoing pump and projects a bullish likelihood. 

Status (SNT)

In the weekly chart, the SNT price is in a pullback phase following the recent 100% rise in October 2023. The pullback phase is testing the 50-week EMA and the 78.60% Fibonacci level. 

However, the lower price rejection in the weekly candles and the RSI divergence project a quick turnaround in the SNT price shortly.

The Status price can reach the $0.05 mark because the altcoin sustains momentum.