To trade hourly, we will do so taking into account the drops in the cryptocurrency market, this requires quick strategies and constant analysis. Here are some recommendations
1. Choose cryptocurrencies with high liquidity and volatility, example, Xrp, Sol, doge, etc...
- Check the trading volume; high volume facilitates quick entries and exits.
2. Use technical analysis to identify declines
Key indicators for detecting opportunities:
RSI (Relative Strength Index):
- RSI < 30 indicates oversold (possible upside bounce).
- Confirm with other indicators before entering.
- When the price touches the lower band, it usually bounces.
- Ideal for identifying entry points in falls.
3. Strategy: Buy the rebound
When you spot a drop, wait for signs of recovery before entering:
Confirm with increasing volume: An increase indicates that buyers are entering.
4. Plan your trades
Entry: Buy when you detect a confirmed bounce.
- Take Profit: Set a clear target (e.g. nearby resistance or a % of the move).
5. Specific strategies for hourly falls
Scalping on rapid declines
1. Monitor 20-50 minute charts.
2. Enter and exit in short movements taking advantage of micro-bounces.
Use limit orders to ensure quick entries/exits.
Enter when the price approaches those levels with reversal signals.
