For spot trading in short waves, the operating methods are generally divided into the following three types. Let's see if any of them suit you?
Type One: If you want to profit from bottom fishing as quickly as possible, you need to find coins that are currently in a correction phase and stabilizing at a Fibonacci level. Typically, these types of coins will experience a strong rebound the day after purchase. However, be careful to exclude coins with a market cap that is too small (within ten million USD) or daily trading volume that is too low (transaction volume within one hundred thousand USD).
Type Two: If you want to profit from chasing the rise as quickly as possible, you need to find coins that have a significant increase in volume at the bottom or a massive increase in volume. However, be cautious to distinguish between a real breakout and a false breakout. A large portion of coins, although at an absolute bottom, may still be in an absolute selling trend, and the sudden volume surge from market manipulators is just a common tactic to trap retail investors.
Type Three: If you want to profit steadily, you can look for coins where institutions are quietly accumulating positions to create a low-volume sideways trend. Generally, this approach is reliable, but it also tests your patience in holding the coins.
Profiting at lightning speed with no risks is essentially a trade-off between benefits and losses.
Ordinary retail investors shouldn't expect too much.
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