Hello, Binance community!
An important tip for trading in the market: instead of trying to follow too many coins at once, consider focusing on a more manageable number, perhaps around 5.
Take the time to learn in depth about each of them. Research and understand:
* What is their average price when the market is in a bullish trend (rising)?
* What range do they move in when the market is in a sideways trend (stable)?
* What are their key support levels or minimum prices during a bearish trend (falling)?
When you master this data and have it practically memorized, it will be much easier for you to make decisions about entering or exiting a trade. This can help you better manage risk.
Even when you encounter a temporarily negative PnL (Profit and Loss), a deep understanding of historical patterns and significant buying levels for that coin will give you more confidence. You will know that, historically, certain prices have attracted a large volume of purchases, which could indicate a potential bounce or support. This can help you make more rational decisions and avoid closing trades prematurely out of impulse.