How to take a successful trade （A beginners Guide to a successful trade）
1) Look for a token with low market supply ( preferably below 1 B)
2) Look for a token with cheap price (Preferably below 0.5$ per token)
3) use the Fibonacci tool to identify the equilibrium level, then your token must be below the (0.5) Line.
4) While you are on the chart, try to identify a bullish pattern on higher time frames (1 Day, week, Month) such as ( double bottom, reversed head and shoulders, consolidation after an expansion up)
5) Go to coinglass.com and go to liquidation section and check your desired token's charts, if you see (Longers) had been liquidated with big numbers on the past 10-15 days then that's a good sign.
6) Would be an extra if you read some news regarding the coin in the past 4-5 days Max.
7) Check options: Yes, check options ratio for BTC, a ratio below 1 means there are more purchases than puts indicating an upward trend.
8) Check the funding rate on future, if the funding rate is positive and high, it indicates a bullish sentiment, and vice versa, if it's negative and also high, it means a bearish sentiment.
A good trade would be like this:
A coin with 0.01$ with a 100 Million market supply, below or at Fibonacci (0.5) level, chart is drawing a bullish pattern like double bottoms or running into a bullish order block, with liquidity laying @ higher prices on future, with some news circulating the coin, options rate is below 1 (preferably at 0.75 or less) and funding rate is (0.0300% or more)
