One element that must be considered when investing or trading is entry. By maximizing entry, we can achieve the best risk and reward by entering at relatively cheap/low prices. So, as crypto market participants, how can we be 'expert' at entry?
1 Utilize the Fear and Greed Indicator.
The easiest and almost always accurate indicator to use is the fear and greed indicator. Human fear and greed are indeed the easiest to exploit. When Bitcoin was at $76K, almost everyone was bearish and at that moment the market was in a state of extreme fear. It turned out to be the best entry in this cycle: entering when everyone is afraid is the key to the best entry.
2 Use a Large Timeframe.
Monthly and weekly charts are the best timeframes we can use for entry. Those timeframes will show us comprehensively how the current market conditions are. There is a lot of noise that can be seen on daily timeframes and smaller ones like H4 and H1. Using large timeframes allows us to master the best moments for entry.
3 Utilize Indicators.
Trend indicators and oscillators can also be utilized. For example, using EMA to identify potential bottoms in a large timeframe or bullish order-block indicators to see where institutional entry areas can be exploited. Oversold conditions on monthly/weekly charts can also be seen as a great potential for making purchases.
4 No Best Entry: Use Multiple Entry Strategy.
Even though we can identify the best potential entry areas, the fact is there is no perfect entry. It is still wise to approach the entry areas we consider potential bottoms; we implement a multiple entry strategy to obtain the best average entry price. The key to multiple entry is to split the entry amount evenly several times, for example, IDR 10,000,000 divided into 4 entries becomes IDR 2,500,000 for each entry.
