1. Monitoring after a 9-day drop: It makes sense to closely monitor when a strong coin falls for an extended period.
- Example: Suppose the price of $BTC has fallen continuously for 9 days. In this case, you could closely monitor market news and trading volume to identify possible signals of recovery or continued decline.
2. Reducing position after 2 days of rise: This seems like a good practice to manage risk and protect profits.
- Example: Imagine that Ethereum has risen by 5% for two consecutive days. It would be wise to reduce your position to secure profits and reduce the risk of a possible reversal.
3. Rise of more than 7%: Waiting and observing may be prudent in this case.
- Example: If the Ripple coin ($XRP ) rises more than 7% in a day, you might choose to hold your position and see if the trend continues the next day, as it could keep rising.
4. Wait for correction in strong bullish coins: It is a prudent approach not to enter a market in full correction.
- Example: Suppose Litecoin has had a strong upward trend. If the market begins a correction, waiting until the correction is over before re-entering could be a safer strategy.
5. Flat fluctuation over 3 days: Observing a few more days and then making a decision to change if there is no variation is reasonable.
- Example: If the price of Cardano ($ADA ) remains unchanged for three days, observing it for another three days and, if there are no variations, considering changing your strategy or investing in another coin.
6. Not recovering the cost price: Quickly eliminating coins that do not recover the cost can prevent greater losses.
- Example: If you bought Dogecoin and it fails to recover the purchase price from the previous day by the next day, you might choose to sell it quickly to avoid greater losses.
7. Sequence of increases: Identifying sell points based on increasing patterns can be useful.
- Example: If a coin has risen for two consecutive days and there are rising patterns in the list, you might consider entering the market on the dips. If a coin has risen for five days, you could identify that point as a possible good time to sell.
8. Volume and price indicator: It is crucial to pay attention to these indicators to make informed decisions.
- Example: If Bitcoin's trading volume increases significantly and the price breaks below a low consolidation level, you should pay attention. Conversely, if there is a lot of volume and stagnation at a high level, you might consider exiting the market.
9. Trading with coins in an upward trend: Focusing on coins with a positive trend can increase the chances of success.
- Example: Trading only with coins like Solana or Binance Coin that are in an upward trend can increase your chances of success. For example, if the 3-day moving average of a coin is increasing, it is a short-term upward signal, and if the 30-day moving average is also increasing, it indicates a stronger trend.
10. Opportunities with small capital: Recognizing that even with small capital opportunities can be found is important.
- Example: Even with a small amount of capital, you might find opportunities by investing in emerging coins with growth potential, such as new altcoins showing signs of positive growth in the market.
