HOW TO SELECT COIN FOR TRADE
before opening any crypto trade, there’s a smart checklist you should go through. Here's a solid list:
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1. Market Structure & Trend
Is the overall market (BTC, ETH) bullish, bearish, or ranging?
Is the specific coin showing a clear trend (uptrend/downtrend/sideways)?
2. Key Levels
Identify support and resistance zones.
Look for supply/demand areas, trendlines, or Fibonacci levels.
3. Volume
Is there healthy volume confirming the move?
Beware of fakeouts on low volume.
4. News and Events
Any upcoming events? (e.g., token unlocks, exchange listings, regulations)
Sudden news can heavily affect volatility.
5. Sentiment Check
How’s the crowd feeling (greedy, fearful, hyped)?
Tools like Fear & Greed Index or Twitter/Reddit mood can help.
6. Risk Management
How much are you willing to risk on this trade (1%-3% rule)?
Set Stop Loss (SL) and Take Profit (TP) levels before entry.
7. Entry Trigger
What is your confirmation? (e.g., candle pattern, breakout, retest, divergence)
Don't just FOMO in; have a specific trigger.
8. Correlation Check
Is the coin moving with BTC/ETH or against it?
Sometimes altcoins dump when BTC pumps hard.
9. Timeframe Alignment
Are multiple timeframes (1H, 4H, Daily) telling the same story?
If not, higher timeframes usually dominate.
10. Strategy Checklist
Is this trade part of your predefined strategy?
Never take random trades just because it "feels right."
