Investing in the cryptocurrency market can yield significant returns if you know how to seek out potential opportunities. Here is a detailed guide to help you find a quality token and optimize your trading:
1. Choose Tokens with Low Supply and Cheap Prices
Criteria: Look for a token with a maximum supply of under 500 million and a current price below $0.5.
Reason: A low total supply helps the token have a stronger price increase potential when demand rises, while a low price minimizes initial financial risk.
How to implement: Use platforms such as CoinMarketCap, CoinGecko to filter the list of tokens by total supply and price.
2. Check the Price Chart on Higher Time Frames
Time frame: Consider the price chart on the Monthly (1M) and Weekly (1W) time frames.
Criteria: Ensure that the token's price chart is currently in a downtrend, meaning the price is at a low point or near a long-term support level.
Reason: This indicates that the token is in an accumulation area and has a higher potential for recovery in the future.
3. Analyze on Lower Time Frames
Time frame: Switch to shorter time frames like 4H and 1H.
Criteria: Ensure that the price is also in a downtrend in these time frames, confirming accumulation signals on multiple levels.
4. Check FDV (Fully Diluted Valuation)
What is FDV: This is the fully diluted valuation, calculated by the total supply of the token multiplied by the current price.
Criteria: A small FDV, usually under $100 million, indicates that less capital is needed to drive the token's price up.
Reason: A low FDV means the token has the potential to increase in price faster under favorable market conditions.
5. Search for News and Related Projects
Sources: Read news on Twitter, Telegram, or analysis sites such as CryptoSlate, CoinDesk.
Criteria: Ensure there is positive news about the project, such as the launch of a new product, partnerships with major players, or a rapidly growing community.
Reason: Good news can stimulate investment inflows and quickly push the token's price up.
6. Execute Trades and Enjoy
Execute trade: After completing the above steps, place an order to buy the token.
Trading strategy:
Open the trade and patiently wait for 2 days.
Avoid anxiety: Don't check the price every few minutes; this only adds stress and makes you prone to making hasty decisions.
Expected outcome: After 2 days, you could achieve a profit of 10-30% if the market remains stable.
7. Repeat the Process
Reanalyze: Continue searching for other tokens following a similar process.
Risk management: Always set reasonable stop-loss and take-profit levels to preserve capital.
Note:
This strategy works well in stable or bullish market conditions. If BTC (Bitcoin) or the entire market experiences a significant drop, almost all assets can lose value.
Investing in cryptocurrency always carries risks, so only invest what you can afford to lose.
Wishing you successful trading and optimized profits!