Why Cryptocurrencies Are Not Well-suited to Chasing Highers

More suitable for traders on the left

Unless you're really fast

If you have experience in operating stocks

Chasing high is common

As long as the stop loss and stop profit are matched well

Follow up when the market starts or breaks through

This is a normal operation

But cryptocurrencies are a little different

Unless your hands and feet are really fast

Or paired with a trading robot

Or just play with big coins like Bitcoin and Ethereum

Otherwise, the end of chasing highs is often...

The main reason is that the cryptocurrency market is moving too fast

First, the market value of small coins is small

Shallow liquidity

It is easy to rise and fall sharply

At the same time, there is no price limit for cryptocurrency

Fluctuations are fast and large

Market reaction is too fast

There is good news

Maybe the reaction will be completed within a few minutes

There's no time to catch up

Technical linear upward breakthrough

Stock Breakouts - Backtesting - The breakout confirmation phase can last for several days

Approximately a few minutes or hours

Unless your hands and feet are fast enough

After all, most people are not great traders.

Chasing prices is not a good trading method in the currency circle.

Relatively speaking, ambush early

It’s more comfortable to be a left-side trader