š 1. Market Analysis
Trend Identification: Using Moving Averages, RSI, MACD to catch entry points.
Support/Resistance: Key for knowing when to enter or exit a trade.
Candlestick Patterns: For timing buys/sells better (e.g. hammer, engulfing, doji).
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š° 2. Entry & Exit Strategy
Entry: Buy on confirmed support or breakout with volume.
Exit: Take-profit targets based on Fibonacci or previous highs.
Stop-Loss: Use % risk-based or below last swing low.
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š§ 3. Risk Management
Never risk more than 1ā2% per trade.
Use position size calculators to manage exposure.
Diversify across a few strong coins, not too many.
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š 4. Trading Tools
TradingView: Charting and indicators.
Binance/Kraken/KuCoin: Clean interfaces for spot trading.