Day 30 of 100: Altcoin Strategy – The 3-Phase Trade Plan

Altcoins are volatile, but with a solid plan, they can bring great profits. Here's a simple 3-phase strategy to manage altcoin trades smartly:

1. Pre-Trade: Choose Wisely

Look for coins with strong volume & recent news (partnerships, listings, dev activity).

Use sites like CoinMarketCap or Binance’s trending page to find altcoins with momentum.

Check chart patterns (bull flags, breakouts) on the 1H or 4H timeframe.

2. Entry: The Breakout or Retest

Buy at breakout of resistance with volume, or wait for a pullback to support.

Use limit orders to control entry price.

Example: If $ALT broke $0.10 resistance with strong volume, wait for a retest at $0.10 to enter again.

3. Exit Plan: Partial Profit Taking

Sell in targets: 25% at +10%, 25% at +20%, and ride the rest with a trailing stop.

Use stop-loss just below recent support to protect your capital (usually -5% to -8%).

Bonus Tip: Avoid low-liquidity altcoins unless you're experienced — price can crash fast.