What’s the best way that you can profit quickly in crypto markets?
If I had to guess I’d say: Coins that have ALT/BTC strength post large liquidations.
Here’s how you can find them to make outsized returns.
When the market has huge liquidations there’s always the strong possibility of a mechanical relief bounce where you can make money.
You need to quickly identify the fastest horses.
You then need to have invalidations set up.
It’s simple:
1: Risk management
Your invalidation is if Bitcoin goes back down to $55k.
That’s weak support, I don’t want to hold there.
To hold onto your positions for further upside we need to see a daily close above $60k.
A daily close below $60k makes me cautious.
You got to have some risk management in place, I’m not going to hold your hand, there’s no free lunch in the market.
3: Coins
These are the coins I’ll expect to continue to outperform short term if Bitcoin plays balls.
$MEW
$POPCAT
Not financial advice, never financial advice.
It’s quite straight forward.
The hard part is risk management.
When do you cut them?
When do you take profit?
I like to rely on Bitcoins price action to tell me.
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