How to Trade from the Top Loser Board.

Finding coins that have experienced significant declines can be a strategy in itself by making purchases and hoping for a price increase. So, how can we utilize the top loser board to find trading opportunities?

1 Pay Attention to Reversal Patterns.

One characteristic to observe in identifying assets that may be reversing direction is by monitoring potential reversal patterns. However, try to identify the pattern before the breakout and position yourself when the price has not yet broken out.

2 Pay Attention to Volume.

When the price is bottoming, there is a chance where the volume will peak and the price may reverse. When selling volume peaks, there is potential for a price change that deserves attention.

3 Look for Divergences.

We can also look for bullish divergence by analyzing whether there is a difference in movement between the price and the oscillator. Bullish divergence on certain timeframes can be a sign of a reversal.

4 Don't Knife Catch.

When there are no opportunities, do not force it, because prices that have already fallen may continue to decline. Always remember to use stop loss when trying to trade on the top loser board.$BTC