Trend Trading Strategies: Seize the Wealth Code of Market Altcoin Breakouts
As a trend trading enthusiast in the crypto space, I understand that 'going with the flow' is the way to go! Recently, the concept of 'altcoin breakouts' has become popular, with many emerging projects attempting to break through with technology and community support, bringing new opportunities. Below is my personal analysis of trend trading strategies, sharing how to catch waves in such a market! The core logic of trend trading.
The core of trend trading is 'follow the market, don’t predict it.' In the crypto market, trends are often driven by hot topics (like Layer-2, DeFi craze) or major coins (BTC/ETH). Altcoin breakout projects, due to high volatility and community interest, are often excellent targets for trend trading. My trend trading strategy: Identify trends: Confirm trends using technical indicators: MA (moving average) crossovers (like the 50-day/200-day golden cross), RSI (not overly overbought/oversold), MACD (bullish signals).