One of the things you shouldn't neglect if you must succeed as a crypto trader, is knowledge of Technical Analysis. If all you trade is signals, you might make profits once in a while but, here are the downsides; โช๏ธLate entries โช๏ธIgnorant of how to take advantage of retests โช๏ธHigh risk low reward
The list goes on but in summary, you're basically a sitting duck.
๐ธ UNDERSTAND RISK MANAGEMENT
Over leveraging is not about how Xs involved, but the resulting effect of both, capital, margin, Take profit targets etc.
I won't dip into the calculations but in summary , having a foreknowledge of how RR and DCA in tandem with your capital works, will make you profitable in the long run.
The ability to win much more than you lose is a Skill.
๐ธ DON'T CHASE PUMPS
Allow the market to get to you. Majority are fund of trading hyped coins when there are over 10000 tradeable Crypto tokens out there.
The formula has always been simple. BUY LOW๐ SELL HIGH ๐. FOMOing into pumps without proper expertise will only reduce you to Exit Liquidity. I traded $BONK using this strategy ๐
๐ธ TAKE PROFITS (check my timeline for details)
๐ธ KEEP IT SIMPLE
I'll find timeline to drop a hint on what I meant by this. This tip is basically on the top 3 of my List
We were all waiting for that correction right there yeah ?? ๐๐ I don't think we're done though...
๐ธWILL THERE BE A DIPPER DIP??
Get those bags filled (I go especially for Newly listed tokens below $1b MC) $PIXEL $MANTA AI narrative $FIL The market would be coming back stronger.
๐ธDON'T FORGET WHAT I TOLD YOU (Check my Timeline posts, add to watchlist and find a Good Entry after Correction and Reversal.
๐ธWhile many are lamenting on #strk , the wise ones are accumulating at a lower price tag. I'll repeat, DIPS ARE FOR BUYOUTS. Be wise though and apply DCA (dollar cost averaging )
I might not be able to Drop signals this week as I have a programme to run. I'll try though #Write2Earn #nfa
๐ธTake Profits: You never knew that was a strategy right ๐?
Of the Coins we traded this week, we saw huge numbers on $GRT $ZEC and even #FIL
Gave you $JUP in the morning (Check my early morning post), it's done and is doing wonders. Daily Bread duly served or you Faded ??๐
LEARN TO TAKE PROFITS - or the market would take it all back . I've closed probably 90% of my positions this week (Futures ), and that on massive profits.
Doesn't mean I'm off for good... it's just a strategy.
Inside the new week, I pick re - enteries for the same coins on my watchlist, then milk them till satisfaction (Oh com'on, the bull's just getting started for ALTS๐).
Check my last 2 day's posts for my watchlist - Some Alphas are not in there though, might share them in the new week. Yeah we go again #Write2Earn #BTC
Majority of traders and Crypto enthusiasts are fond of Buying into the market when there's already a hype around a coin.
You can make a bulk of profits just buying and selling. The formula is simply - Buy low Sell high
Don't chicken out of a bullish trend by dumping your bags, and sometimes even on loss, just because of a corrective move downwards.
With my experiences, I at least have the weight to tell you this much. I have been patiently waiting for this corrective moves to load up the Moon bags I missed
I sent you a few Signals in the morning ... I added a few to the list so, feel free to ride with me on #Zil #Alpaca #GMT
There are currently little to no noise around these gem tokens. Wait for #PROFITS #Write2Earn
๐ Others: - @berachain: Interact with Artio Testnet via berachain.(com) - @Blast_L2: Deposit-free liquidity to earn points - @MantaNetwork: Deposit to Manta Pacific Mainnet - @aevoxyz: Trade - @azuroprotocol: Deposit & Gamble
Due to the anticipated super growth cycle, numerous projects are set to launch their tokens in 2024-2025.
Getting in early and reaping the rewards is the optimal strategy for securing substantial gains.
Recalling the previous bull market when strong projects experienced instant 30-100x gains, it is highly likely that we will witness similar launches this time around.
๐ค Additionally, it is worth considering "Tier 2" projects during this cycle, as there will be fewer participants and consequently greater potential for rewards.
Here's another important tip: Avoid procrastination. Get involved as early as possible.
You never know when a snapshot will be taken or when a token will be launched.
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