A Simple Way to Find an Entry Point ⚜️
How can you easily find an entry point without using dozens of indicators and the advice of fake bloggers?
If you don’t know when to enter a trade, it’s best to use a simple scheme:
1. Determine the BTC trend (upward/downward)
2. Find strong support and calculate the % drop to that level.
3. Check for the presence of EMA50/EMA100 near the support line.
4. Place limit orders (a bit above is okay)
5. If the trade is with first-order altcoins, the calculation should be ×2 of the % drop of BTC.
Example:
BTC Price - 116k
Nearest strong support - 111k
EMA50 on 1D - 111300
EMA100 on 1D - 106100
The drop to this support will be -5%, so for flagship altcoins, it will be -10%+-.
Thus, when BTC drops to around 111k, good entry points will be for SOL ~165 (180-10%) and XRP - 2.8
You must also consider the dips below and, if possible, set limit orders there as well. Usually closer to EMA100.
In conclusion, by using this simple and clear trading scheme, you will avoid random entries into the market without a plan.
Never make purchases without prior risk assessment and a plan, and do not trade based on personal feelings.
