How to find entry ? #TradingAdvice
Number 1 thing, EVERY single one of you can become a good trader;
90% of you at the first step of booking a trade.
You don’t know where to see the right coin to extract for a trade.
You jump in at Gainers list and analyze and find everything perfectly set by early traders so you fall for it and start longing your position with perfect dca strategy, you see everything falling as per plan but sudden shifts ruins everything. Because you don’t know how many times that particular coin took 5% 10% 12% gains before jumping into top gainers showing you 25% increase. For every 24 hours cycle the gaining percentage resets from 0% change. So technically you are longing a coin who is already took pump of 120% in total. So your perfect strategy multiply by wrong research = 0
If you want to find a coin for day trading or swing trading, check out the losers, losers means these coins were once in top gainers but now taking correction,
You drill down to middle or remain on top losers and check out the coins, you see there is a gradual decline, you check out same thing at daily and 4h candle and analyze the price levels from where it took reversal many times, you place your limit orders and done. ✅
Eventually it will wick down to that level and your order will get filled.
Second strategy is you don’t wanna miss the coin so you take entry at market price and place limit order of same value margin value at the reversal price you checked on daily candle.
So your average price will come to least 50% when it starts to move up.
You can apply this even today, instead of playing with #BTC or #link or any major coin you can play with small cap less supply coins to try this
Strategy.
Remember consistency with commitment to learn and execute is everything. I hope this will help you. Happy Trading 🥂
#Write2Earn #BTC; $BTC $ETH $BNB