Want to multiply your money in crypto? 🤑
Don’t just buy blindly — use this smart 7-step checklist before jumping into any coin.
First, always check the trend direction — is the coin moving up or down? Never go against the trend. 📈 Next, analyze support and resistance levels — the smart move is to buy near support and avoid chasing near resistance. 🔄
Watch the volume too — higher volume signals strength, while low volume often means higher risk. 📊 Also, take a look at the RSI (Relative Strength Index) — the best buying zones are usually when RSI is between 30 and 50. 📉
Don’t forget to factor in news and upcoming events — a positive announcement can cause a pump, while negative headlines can drag prices down. 📰
Dive into the project fundamentals: what’s the coin’s use case? Who’s behind it? What’s the total supply? All of this affects long-term potential. 🔍
Lastly, always check the market sentiment, especially Bitcoin’s direction — if BTC is crashing, most altcoins follow. 🌐
💡 Pro tip: Combine both technical and fundamental analysis to make smarter, more profitable trading decisions.
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