Crypto Trade Pre-Checklist
🔵 1. Market Conditions
✅ Is the overall crypto market bullish, bearish, or sideways?
✅ Is Bitcoin ($BTC) stable or volatile right now? (BTC affects all alts.)
🔵 2. Technical Setup
✅ Is there a clear support/resistance level nearby?
✅ Are you entering near support, not chasing after a breakout?
✅ Check indicators (RSI, MACD, EMAs): Are they confirming your idea?
🔵 3. Liquidity Check
✅ Is there enough 24h volume (> $1M+ is ideal for smaller coins)?
✅ Is the spread between buy/sell orders tight, not too wide?
🔵 4. Risk Management
✅ What’s your stop loss? (Place it logically, not emotionally.)
✅ What’s your position size? (Risk no more than 1%-2% of your capital.)
✅ What are your take profit levels? (At least 2:1 reward to risk.)
🔵 5. Fundamental & Sentiment Factors
✅ Any important news/events incoming (good or bad)?
✅ What's the social media buzz (X/Twitter, Discord)? Extreme hype = careful.
🔵 6. Emotional Check
✅ Are you feeling calm, focused, and rational?
✅ Are you trading based on a plan, not FOMO or revenge?
🔵 7. Trade Plan Confirmed
✅ Entry price range decided?
✅ Stop-loss and take-profits written down?
✅ Mental scenario ready: "If price does X, I will do Y."
🧠 Golden Rule Reminder at the Bottom of Your Checklist:
"Plan the trade, trade the plan. No emotions."