ELKS
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Bullish
Good friends...
On 02/26/24 I bought 23 USDT to start trading in Spot with this bull market (I don't like Margin). Today, after 12 days of entering some days on and others not because of my work, I have doubled my investment to 46 USDT to date. I have identified that no market is bad or good if you have the knowledge and tools to surf. However, I like the volatility of Crypto memes because they give quick profits.
Without charging you a penny I will tell you what I have done (if you are as new as me). In any case always remember: DYOR
(With your money in the SPOT wallet)
1. Locate the 1-hour time chart of the Crypto market you want to buy (you can do it with other time frames but this one has worked much better for me).
2. Configure the bottom panel to show you the RSI indicator (as it is in the images).
3. Wait (YES, PATIENCE IS KEY) for the RSI to be below 30, hopefully close to 20, to place a buy order. Don't be distressed if when you buy the price continues to go down (it will eventually go up again as the probabilities are high). HERE READ ABOUT WHAT an RSI indicator is and what it is for.
4. Once you have placed the buy order, identify the resistance zone that the price has frequently been touching.
5. Once the above is done. Place a sell order with the price target you identified in the resistance zone.
6. Leave that there and go have a coffee or do something else. Monitor every half hour or hour how the price is going. If you see that the price is too far from your target, consider repurchasing even lower and setting a new target price (This in case some FUNDAMENTAL breaks the TECHNICAL indicator). Although always, and more so in this bull market, when buying with an RSI less than 30, close to 20 or less, it almost always results in the price being at RSI 70 or 80 in a few hours, making your investment grow.
Repeat this exercise as many times as you can. If it helps you, come back here and say thank you ;)
On 02/26/24 I bought 23 USDT to start trading in Spot with this bull market (I don't like Margin). Today, after 12 days of entering some days on and others not because of my work, I have doubled my investment to 46 USDT to date. I have identified that no market is bad or good if you have the knowledge and tools to surf. However, I like the volatility of Crypto memes because they give quick profits.
Without charging you a penny I will tell you what I have done (if you are as new as me). In any case always remember: DYOR
(With your money in the SPOT wallet)
1. Locate the 1-hour time chart of the Crypto market you want to buy (you can do it with other time frames but this one has worked much better for me).
2. Configure the bottom panel to show you the RSI indicator (as it is in the images).
3. Wait (YES, PATIENCE IS KEY) for the RSI to be below 30, hopefully close to 20, to place a buy order. Don't be distressed if when you buy the price continues to go down (it will eventually go up again as the probabilities are high). HERE READ ABOUT WHAT an RSI indicator is and what it is for.
4. Once you have placed the buy order, identify the resistance zone that the price has frequently been touching.
5. Once the above is done. Place a sell order with the price target you identified in the resistance zone.
6. Leave that there and go have a coffee or do something else. Monitor every half hour or hour how the price is going. If you see that the price is too far from your target, consider repurchasing even lower and setting a new target price (This in case some FUNDAMENTAL breaks the TECHNICAL indicator). Although always, and more so in this bull market, when buying with an RSI less than 30, close to 20 or less, it almost always results in the price being at RSI 70 or 80 in a few hours, making your investment grow.
Repeat this exercise as many times as you can. If it helps you, come back here and say thank you ;)
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