SECRET PROFITS (Top comments)
There will only be 2 scenarios for those who do not know how to take profits properly: 1 is that you will fall to the top or miss the next big wave.
Normally, when looking at the chart of each coin, it will often be divided into the following stages: Accumulation => 1st test pumping => Re-accumulation => 2nd pumping => Re-accumulation => 3rd pumping => allocation.
Usually for those who are inclined towards technical analysis, fibo regression will be a method that can be applied well, especially with large time frames. However, there is a tip that newbies need to pay attention to: usually if the trendline breaks out (breaks the trend), 90% of the time, the price will come back to retest the trendline and continue to follow the breakout price.
For those who follow a simple style, the more green candles there are, the better the time to sell :)) or close according to Marketcap, close according to TVL, close according to Volume (price increases gradually, volume weakens). This sign also shows that the cash flow is being withdrawn, whale/MM is gradually exiting, the price is increasing to lure fomo fish to close the candle beautifully.
For most games, each player should set up their own profit taking rule by percentage. Please look again at the chart structure above. For example, with an amount of $1000
Lock 20% at the first pump
Wait for accumulation zone
Continue selling 30% at the 2nd pump
Wait for accumulation zone
Continue selling 40% at the 3rd pump
The remaining 10% are kept until death
Many people will wonder why they keep 10%? Hey guys, look at the#frontodds I shared at 0.15. Its peak is 0.7. Not to mention 10% is interest, holding until uptrend 10% x10 is 100%.
There is one tip I have collected to share about predicting the top of the market
- Stochastic monthly indicator peaked (80+)
- %K exceeds %D
- Monthly RSI peaked (70+)
- RSI cuts below 14SMA