If you miss the initial market of a cryptocurrency, don't panic! Here’s a simple and practical trading strategy to help you seize subsequent opportunities:
Step 1: Patiently wait for the price to oscillate sideways near the previous high point. At this time, the market is gaining strength, like a compressed spring, ready to rebound at any moment.
Step 2: Draw a key horizontal line at the previous high point. This line serves as an important reference for judging trends, just like the starting line on a racetrack.
Step 3: Keep a close eye on the market! Once the price breaks through this line and the closing price is above it (according to the K-line period you are focusing on, such as 15 minutes, 1 hour), it’s a good time to enter the market. This indicates that the price may be starting a new round of increases.
Step 4: After entering the market, follow the price towards the next resistance level. As long as the trend is not broken, hold on steadily and let the profits run.
Here comes the key! Where do you set your stop-loss point? It’s simple, just set it at your entry position. If the price falls below the previously broken line and the K-line closing price returns to the high point range, this indicates that the breakout is a 'false move', and the trend may reverse. At this time, you should decisively exit the market, stop losses in time, and avoid greater losses.
This strategy is applicable to any cryptocurrency, whether it's Bitcoin, Ethereum, or lesser-known altcoins. Moreover, different time periods reveal different market details, leading to varying trading results. Everyone can flexibly choose observation periods based on their trading habits to improve their success rates! #本周高光时刻 #BTC重返10万 #山寨季何时到来? Comment 155👆🚗$BTC $ETH $SUI