One of the elements that must be considered when investing or trading is the entry. By maximizing the entry, we can achieve the best risk and reward by entering at relatively low prices. So, as a player in the crypto market, how can we become 'expert' in entry?
#1 Utilize the Fear and Greed Indicator.
The easiest and almost always accurate indicator to use is the fear and greed indicator. Human fear and greed are indeed the easiest to exploit. When Bitcoin was at $76K, almost everyone was bearish, and at that time the market was in a state of extreme fear. It turns out that this was the best entry in this cycle: entering when everyone is afraid is the key to the best entry.
#2 Use Larger Timeframes.
Monthly and weekly charts are the best timeframes we can use for entry. Those timeframes will show us comprehensively how the current market condition is. There is a lot of noise that can be observed on daily timeframes and smaller ones like H4 and H1. Using larger timeframes allows us to master the best moments for entry.
#3 Utilize Indicators.
Trend indicators and oscillators can also be utilized. For example, using EMA to identify potential bottoms on larger timeframes or bullish order-block indicators to see where institutional entry areas can be leveraged. Oversold conditions on monthly/weekly charts can also be seen as a significant potential for making purchases.
#4 There Is No Best Entry: Use a Multiple Entry Strategy.
Although we can identify the best potential entry areas, the fact is there is no perfect entry. It is still wiser to approach entry areas that we consider potential bottoms by employing a multiple entry strategy to achieve the best average entry price. The key to multiple entries is to split the entry amount evenly several times, for example, Rp10,000,000 divided into 4 entries becomes Rp2,500,000 for each entry.