1️⃣Technical Analysis:
Look for a currency in an upward trend (higher highs and higher lows).
Breakthrough resistance with strong trading volume.
Stability above support after correction.
2️⃣Volume Confirmation:
Strong upward movement should be supported by high trading volume.
Avoid currencies that rise with low volume (they may be quick speculations).
3️⃣Market Condition:
Follow Bitcoin's trend, as most currencies are affected by it.
Monitor news and the general market sentiment.
4️⃣Fundamental Reasons:
Positive news, partnerships, technical updates, new listings.
5️⃣Risk Management:
Enter after correction, not directly at the peak.
Set a stop-loss below the nearest support.
Define profit-taking targets in advance and do not risk more than 1-2% of capital in the trade.