#CryptoStrategy Let's decode the secret behind newly launched coins on Binance 🌎
A surprising yet consistent pattern has emerged. Most newly listed tokens like SAHARA NEWT HOME SOPH HUMA and HAEDAL have seen a sharp decline right after the first hour of trading. Even exceptions like RESOLV and SPK dropped after three hours but never reclaimed the high of their first hourly candle.
So how can smart traders turn this into profit 🤔
The key is patience and precision. After launch observe the first hour closely. If the first hour candle closes above 50 percent of its total height consider entering a short position. Set your Stop Loss at the high of that first candle and aim for a risk reward ratio of 1 to 3 or 1 to 5.
Based on recent trends this strategy has shown nearly 80 percent accuracy meaning 8 wins out of 10 trades.
Ride the Trend not the hype..🚀
What do you think about this pattern driven strategy??
Let’s discuss and grow together..😇
Happy Trading..😇
