Dear All,
Here is a pro tip for you: during trending markets when a coin pumps aggressively, wait for it to cool down a bit and enter the consolidation phase. Then, during the consolidation, identify bull flag patterns, market structure, and target towards the bull flag target. Put a stop loss and sleep on the trade, avoid going in and out as it will confuse you. One solid entry, ride the trend, take profits, leave, and repeat.
To summarize, here are the steps to follow during trending markets:
Wait for the coin to cool down a bit and enter the consolidation phase.
Identify bull flag patterns and market structure.
Target towards the bull flag target.
Put a stop loss and sleep on the trade.
Avoid going in and out as it will confuse you.
One solid entry, ride the trend, take profits, leave, and repeat.
By following these steps, you can make the most of trending markets and maximize your profits.