The market is in a downtrend today, and it’s easy to see from the heatmap. This evening I decided to try something new — to deviate from my usual strategy of buying when the market is rising but not yet overbought. I usually screen coins based on the following parameters: price is rising, trading volumes are increasing, RSI is below 70, and MACD is crossing the lines in an upward direction.
However, in the afternoon, no coin fell under these criteria today. I could have waited until the situation normalized, but my hands are itching to do something! In addition, two of my trades today had to be closed with a small minus. Everything seemed to be in line with the strategy, but the price turned around sharply, broke the support line, and the sales volume increased or decreased significantly.
So this time I decided to take a risk and buy on the dip when the RSI was closer to 30. For this venture, I chose $ETH $DOGE and $FLOKI , hoping that the price would return to a profitable level. Even if it took a few days, not the usual 15 minutes or 2 hours.
Right now my daytime PNL is red like Christmas decorations 💔, but I'm waiting for it to turn green while the Christmas tree is still decorating my living room. 🎄
Do you think this strategy could work for a beginner? Share your thoughts!
