TIPS ON HOW TO FIND A COIN TO TRADE
1. Monitor 24hrs Change: Evaluate coins with significant 24-hour changes, whether a considerable increase (e.g., 30%) or decrease (e.g., -23%). These extremes suggest potential opportunities for either selling (Short) or buying (Long).
2. RSI Analysis: Examine the Relative Strength Index (RSI) to determine whether a coin is overbought (RSI above 70) or oversold (RSI at or below 30). An overbought condition suggests a possible selling opportunity (Short), while oversold conditions could indicate a chance to buy (Long).
3. MACD Indicator: Analyze the Moving Average Convergence Divergence (MACD) indicator to identify upcoming trend changes, indicated by the crossing of the MACD line and the signal line.
4. Bollinger Bands: Consider the Bollinger Bands. If the candlesticks extend significantly beyond the upper or lower bands, it could signal an opportunity for a short or long trade, respectively.
📌Note: Use these strategies together atleast 3 must happen.
📌Also, don't use more than 10% of your futures wallet balance. buy Spot 30% for brace.
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