SHARING EXPERIENCE FOR NEWCOMERS - PART 3.1
HOW TO WIN
To win in this fierce market, you need to be prepared: BEFORE, DURING, and AFTER trading any coin.
● BEFORE starting the trade:
- Record the amount of money you have.
- Choose coins with low prices (3.xxx or lower for coins with 3 decimal places; 0.4xxx or lower for coins with 4 decimal places; 0.3xxxx or lower for coins with 5 decimal places; 0.0xxxxx or lower for coins with 6 decimal places) and with high volatility to optimize profits. Or you can choose coins at a price you like but still ensure optimized profits.
- Review the candlestick history and compare the price fluctuations of that coin by month, week, day, hour, and every 15 minutes, every 5 minutes.
- Check if it has reached the previous low or has it gone up again (write down the previous low and monitor the developments for appropriate adjustments).
▪︎ Note: When you see it has reached the previous low and all three EMA(7), EMA(25), EMA(99) of the 5-minute timeframe are going down, then it continues to drop. Keep monitoring; when you see the three lines close together, the EMA(7) line goes up (due to a green candle - price rising) and crosses one of the other two lines, then it starts to rise. From my experience, it's best to "slow down the pace" to monitor 4-5 green 5-minute candles for certainty. Better to make a little but safely.
Stay tuned for the DURING and AFTER trading parts.
#ShareYourTrades #Share2Win $CGPT