How to get the best entry price when market is swinging?
Mostly we all want to get the as much as lowest price of our favourite coin. I will share What i am doing, now after reading allot of people will say that they are doing this from long time but the question is why not sharing with others so, atleast the one (especially newbie’s) who dont know can take advantage. Day before yesterday (17th October-2024) market was shaking and grabbing the liquidity, going up and down. My favourite coin was also disturbed. I purchased the coin at 3.1 of 300$ @ 10x, my liquidity was zero(as per my previous post), after one our coin dropped to 2.95, i purchased of 200$, my size became 500$ and Entry price came to 2.98. Coin dropped further and after one hour it came to 2.89, this time the difference was big so, i purchased 500$, now the size become 1000$ and Entry proce came to 2.92. Now i dont want to purchase further and i already check few minutes ago that coin is struggling on 2.89-2.92, i waited for one hour and my coin came upto 2.92 and bit up. Now here is a trick. I sold my 70% coin in profit of just 20$, now my size became 300$, after half an hour coin dropped again upto 2.85, i purchased and then again dropped and purchased, now my entry price came to 2.88, again sold 50% again purchased when dropped now my entry price is 2.86, after that coin struggling on this price and today its on 2.98 and i am in profit of 50%. If my coin goes to the price where it was 2 days ago i will get allot. You can follow this simple technique to get the best entry price, listen in am not a column writer, tried ti explain the situation and technique. You can follow it to get advantage. If you didn’t understand something then ask in comment, i will help you. Again its not an AI content, i am writing what i am doing. If you want me to reveal the coin name then follow me, i will share the screen shots of my trades and coin but with my followers only.
# The first and very important thing is just relax and dont panic. Nothing is important than your mental health and your life is very precious.
1- Look the market conditions if market is looking consistent, means you have long trade and all coins are dipping consistently or you have Short trade and all coins going up consistently.
2- If your particular coin is going down or going up and rest of the market is normal or going opposite direction than your coin than it means something is wrong with your coin.
3- If market is swinging and going up and down, and your coin is swinging in both ways.
I will try to explain the solutions in easy ways for newbies.
If you are confident then go for some more purchase which called DCA.
If not confident then try to withdraw through DCA.
If you cant DCA, than remember nothing is permanent, coins goes up then comes down also and same comes down than goes up also. So, dont be panic and wait for the exit either for days or weeks or months. But in panic dont sale cheaply.
If you used the Stop Loss than if you are confident than wait for the SL to hit but if you have confidence than extend it, because market sentiments are always dangerous for someone in somewhere. But these sentiments changes after sometime you stand confident in panic situation.
Don’t read too much posts from Binance or anywhere, because allots of people telling same with opposite and same in your favour at the same time, they will make you confuse.
Try to contact with some professional and take advice and after taking advice think if its suits you.
But again, my last opinion, wait for the exit either its after year.
Its not an AI content, i am writing what i am doing, you may disagree, you have full right to disagree, I am student if any professional will give his precious advice i will put my hand on my heart and will welcome his advice or opinion. I am just trying to help or motivate my fellows who are stuck in any trade or nothing else. If you like my writing then dont smile only start follow me.
The only way to earn now a days is, Use as minimum as u can of ur portfolio, like if you have 100$ so use only 20-30 $ with 10x maximum leverage. What will happen the Liquidity will be far away. How i am trading is keeping enough fund and when taking any trade either long or short, it’s not having liquidity (or not showing liquidity). The most safest is showing (0) Zero liquidity. Means when your coin dumps then u have massive chance of surviving. And if i want to DCA then putting some more fund, like if i want to DCA of 30$ then adding 30$ in my portfolio again. This is the most safest way. Now understand with an example. If you want to purchase Saga and you have 100$ in your portfolio. Only purchase maximum 30$ what my practice is purchasing with no liquidity. Now the coin dumps then its start showing liquidity then if i am confident then doing DCA of 30$ by adding further 30$. If i am not sure with the market then using my StopLoss and let it hit. Nowadays the whales are swinging the coin means coin going down then coming up also so, wait for the coin to come up and get your profit. This is not an AI content, I have shared what i am doing. Stay safe and stay vigilant.
In History or past, When the market crashed with news which we already know?
History says
Market only crashed when something happens suddenly.
Market came down on 1st October when Iran attacked Israel, Black Rock and big sharks belongs to Israel and their interest are joint with Israel.
1- If Israel attacks on Iran, what is connection with Crypto market? 2- Is Iran a big stake holder of Crypto? 3- Is it sudden news or Israel already announced? 4- Why market didnt dumped when they announced?
Or they are going to take it up by not giving chance of entry by creating fear factor.
As Student of Economics i want to ask few Questions. 1- Is there no one knows that Bitcoins requires to go down for correction upto 60k from 66k? 2- Now the Bitcoin is on 61k, now why people are saying the market is in dump condition? 3- Why we are thinking when market is on 66k that when market will be on 60 or 61 then i will make purchases? 4- Now the market is on 61 and then why we are fearing? Now comes on Economics Questions.
1- Do we think that the Big hunters needs our money, which will be in million or some millions? 2- After rate cuts, the Whole USA is looking to withdraw from Banks and want to invest his money in some profitable platform like shares market, Crypto and real estate? 3- Dont you think this scenario is hidden from the big fish and they closed their eyes and they will make worst situation so, now prey will afraid and will not enter in the market? 4- Dont you think they will do everything to bring this category or class in the market? 5- Dont you think, The market is down just because of this purpose to bring them in the market and demonstrate them that the market is in buying condition? 6- Dont you think that they dont need your little money and they are planning to capture whole elephant? 7- Dont you think when this elephant will enter than market will pump and when it will go upto their desire level then they will sell and quit from market by swapping all? 8- And for attraction they will not do anything stupid because they knows the prey will runaway?
I am just a student and just want to highlight few questions. If you understand my message then i will raise again for you but if you think i should be quite then will not come again.