💭 How to choose the right trading pair?🤔 Professional steps for selecting the smart currency
📌 Many beginners choose a currency "based on feeling" or "because everyone is talking about it"... but professionals have a different approach:
1. High liquidity:
Choose currencies with a high daily trading volume. This means easier entry and exit without significant slippage.
2. Clear trend:
Is the pair in a clear upward or downward trend? A strong trend makes it easier for you to make quicker decisions.
3. Active price movement (Volatility):
Look for currencies that move clearly, as they provide real entry and exit opportunities.
4. Correlation with the market:
Does the currency move with Bitcoin or against it? Understanding the relationship helps you time your entry.
5. Availability of analysis tools:
Some currencies do not respond to classical analysis. Focus on pairs that respect support, resistance, and patterns.
💡 Expert advice:
Don't scatter yourself... Focus on only 3 to 5 pairs and follow them daily. Deep understanding is better than random movement.
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🎁 Next lesson:
What are the best trading times in the cryptocurrency market? And why does timing change the results?
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