General Recommendation

In a market with correction or uncertainty like the current one, the most important thing is to preserve capital and operate strategically. Here are some general recommendations to navigate this environment:

1. Technical Analysis and Supports

• Identify Key Levels: Analyze the supports and resistances of each cryptocurrency to determine areas of high probability for bounce or breakout.

• Avoid Buying in Downtrends: Look for clear confirmations of reversal before entering long positions (buying).

2. Trading Strategies

• Scalping or Day Trading:

• Operate in shorter time frames to take advantage of volatility.

• Use round psychological levels as entry and exit points.

• Swing Trading:

• Wait for a consolidation or pattern formation such as double bottom or triangles before entering.

• Short Selling:

• If a cryptocurrency breaks key supports with volume, consider opening a short position.

3. Risk Management

• Position Size: Never risk more than 1-2% of your total capital on a single trade.

• Stop Loss: Use tight stops to protect your capital in volatile markets.

• Take Profit: Set clear profit targets to avoid getting caught in pullbacks.

4. Monitor Market Sentiment

• Volume: Increases in volume can indicate turning points.

• News: Stay updated on news that may influence the market (regulations, hacks, etc.).

5. Maintain Patience

• Avoid Overtrading: Do not trade out of emotion or pressure; wait for the best setups.

• Liquidity: Ensure you trade in coins with sufficient volume to avoid slippage in price.