1. Look for sector with major news catalysts. Eg: Blackrock entering RWA sector, NVIDIA conference for AI. Meme on Base.
2. Go to Coingecko categories list and go to that sector. Scan through all projects (ALL THE PROJECTS) above $50 million market cap for now with high Volume (Minimum 10 Million) This will enable good liquidity.
3. Look for EMA retests and S/R flips, where previous resistance turns into support via range high. Best is large multi-month range breakout and retest of resistance as support.
4. Watch the 4H 200 EMA which often acts as a support, indicating a strengthening trend. Retest of 55 EMA on the Daily is a great buy in Bull markets. (Check what happened to INJ on 55 EMA on the Daily Chart)
5. Ideal entries occur when EMAs show a bullish crossover (LTF EMA moves above HTH EMA), confirming uptrend.
6. Timing is key: The ability to catch these moments can be part skill, part luck. This is where FA comes in.
6. Target and psychological numbers where most people are likely to take there Profits and have set targets.
7. If you're waiting for entries, try this - Placing entries at a place where you'd place your stop loss can be a good buy. Those levels are often hit.
8. If you're sure about Entering a coin, market buying isn't a bad Option in the long Run.
9. Always know your exit. 99% of people didn't know this in 2018 and that's how they lost the money.
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Lots of sell off in the past 48hours and it likely to continue as we broke the weekly support. Saylor selling few btc kinda triggered the move, We are very bearish right now.
The interesting part is that despite RSI reaching oversold territory yesterday, price still continued to push lower. This is something traders often see in crypto markets during strong trending conditions. Momentum indicators can remain oversold or overbought for extended periods while price continues moving in the same direction.
For now, the market is focused on liquidity and positioning rather than technical indicator readings.
Next destination would be 59k or even 55k.
This coming weekly close will give a clarity, at these levels will see if spot buys can absorb the selling pressure.