Regarding currency selection and native dogs, I have a golden strategy:
First and second level coins
The currency is generally an old project with 50 cents. The bear market is dormant. The project was listed on Binance in the last round, so the attention and popularity are still there. Now the boss has returned to the poker table and the project has started new actions.
feature:
• Listed on Binance
• General project
• There is no sound in the bear market
• The monthly line is still lying on the ground, but the trading volume has increased significantly in the past two months
Trading straregy:
• Trading volume increases but positions are opened before the benefits are issued.
• There is no need to run too fast. Generally, the decline of this type of currency is 95%+. It is normal to rise several times.
2. New native dog
Track new projects and new hot spots, and strive to discover them as early as possible. As the market heats up, the introduction of liquidity will naturally push up prices, and exit at the right time.
feature:
• New, but not new in concept
• Small, non-infrastructure
• Generally based on new ecology, easy to obtain traffic
Trading straregy:
• Pursue opening a position as early as possible. Coingecko is not available at the earliest, and the exchange is not available the next morning. If you are on the exchange, it will be too late.
• How early? Monitor new projects that KOLs follow
• Liquidity introduced with market heat will naturally push up currency prices
• Make a prediction about the level of the project. If the project side has average strength, it can be sold after being listed on a second-tier exchange.