A few tips for the crypto world
1. For intraday trading, look at the 5/10 minute charts and follow the recent trends over the past few days.
2. For short-term trading, look at the 1H/2H charts and hold positions for 1-3 days in line with the daily candlestick trend.
3. For medium-term trading, look at the 12H/daily charts and hold positions for over 2 weeks.
In special circumstances of cycle resonance, using a 1H stop loss while following the daily candlestick trend can lead to significant profits.
When you are unsure about the future trend in the crypto world, you can research its liquidity. If liquidity decreases, it indicates that the number of people trading in waves and increasing their positions is reducing, which suggests that the subsequent trend will be downward. Once you study the history of the crypto world, you will understand that every bull market's prosperity is inseparable from the momentum of wave trading. This tip is especially suitable for fans who enjoy trading altcoins!
