#CryptoReboundStrategy — The Future of Volatility
Now that the cryptocurrency market is experiencing a certain lull, and trading can take a break for analytics, I want to share strategic thoughts on key market moments. Let's talk about CryptoReboundStrategy - an approach used by leading traders to profit from volatility.
What is Crypto Rebound Strategy?
This strategy is based on the idea of buying or opening positions after a sharp price drop, given that most coins have a tendency to rebound. The volatility of cryptocurrencies provides many opportunities for successful entry after local corrections.
How to apply?
1. Identify the trend: To work with a rebound, it is important to identify key support and resistance levels. For example, if the price of BTC falls by 10-15% in a short period, it is worth evaluating the RSI, trading volumes and news that influenced the movement.
2. Set entry levels: Focus on key rebound points. These are often areas where trading volumes increase.
3. Don’t forget about risks: The Crypto Rebound Strategy only works if you have a clear risk management strategy. Set a stop loss to avoid additional losses.