MANY TRADERS TEND TO FORGET THIS 1 FACTOR THAT MAKES THEM LOSE A LOT IN THE CRYPTO MARKET!
Never forget the reason why you're in this market. That is...
To earn rather than to lose. Your mind has been filled with the ideology that you need to have this certain capital in order to become profitable. In your mind, it's always about how 'huge' your capital size is and not how 'much' you can take as your risk appetite. Now, let me ask you. Have you been trading for the sole purpose of earning or the purpose of showing how 'much' capital you have to the world? If you're the former, then, you're in the right path. As for the latter. You need to reevaluate your trading decisions. I know someone who only adds $50 to the market and he has a net worth of more than 6 digits. This $50, he will just do 5% of this as a trading margin. From there, once he gets the result, he will just take it right away and leave it. Then, do the same process again and again. This helps him retain his market sanity and limiting the risks to his net worth. Unlike the ones who trade 90% of their net worth and leave $50 on their bank.
LIMIT ENTRIES: THE KEY TO TRADING SUCCESS!
There are many traders who disregard the importance of a limit entry.
For this post, we will take #DOT as an example.
DOT has retouched the monthly low zone and many have already awaited this key levels. These buy orders are set by taking their limit orders in place. In the hourly and daily timeframe, one harmonic pattern is forming. This harmonic pattern's reason for its possible formation would be the attempts of buyers at taking the least possible price as their positions. Notice how 3.6, 3.9, 4.0, etc. in the low zone are taken with limit orders? This is due to the fact that this is an undervalued price of a valuable crypto such as DOT. We are not saying that this is the only least possible price for DOT. Instead, what we're trying to say is. This is the level where it will most likely hold especially once BTC decides to stay on its current average price. It's best to check the least possible price whenever you're entering a buy/long limit order and the highest possible price whenever you're entering a sell/short limit order.
THIS KEY LEVEL ENTRY WILL HAVE THE BIGGEST BOUNCE THIS MONTH!
If you're looking for possible ways to do some quick cash. Then, you're in the wrong place.
We don't provide opportunities for 'quick-cash' instead we provide opportunities for 'real' and 'stable' profitability.
Let me ask you.
What's the purpose of earning a quick-cash that's earned within an impulse of the moment? When it's just going to vanish immediately after you've earned it?
Let me ask you another question.
What's the purpose of earning a reliable and stable profit without relying on 'impulses' of the market?
Thus, the best way to become highly profitable in the market is to be patient. Patience will take every ounce of your being and it will make you think, "Is this really worth it?" But once you've mastered the art of patience, you'll gain something that's better than what's considered as 'worth it'. So, with the topic at hand. Best way to identify the tokens that have a tendency to bounce from the rejections that's happening to it is through observing key levels where most demands will be met. For first timers, this will be hard and for those who have been in the market for too long, this is a piece of cake. Since this is considered to be 'too' hard and a piece of cake at the same time, this is where it gets tricky. 1 sample scenario would be a trader after observing a token's lowest price, immediately decides that this is the key level where most demands will be met. This is not wrong. However, we can do better than this. What's the least possible price below the price you've thought of? What's below that least possible price that you've thought of? Never get tired of thinking ahead. Don't let them tell you that you're overthinking this! The market will touch the levels where you think it will be highly impossible to touch of.
Stay wise, trade cautiously.
