How to trade the wave recovery win win, scalping spot. After Bitcoin torments altcoins, there will be a recovery period. You should check the information from the coins that are recovering well; most coins will recover quickly or slowly, so grasp the good entry points. Once you get in, set the eco order at the nearest loss level because you don't know if it will go down again or not, so if it drops, you won't lose much percentage; there's no need to keep the entry stop loss far away. Wait for it to rise a bit, then we will raise the eco just enough to make a profit and see which coins are rising well, then we will slightly raise that stop loss level. With this method, you need to observe Bitcoin every hour and every minute to make good predictions and handling. In the next post, I will guide you on how to find coins that may be getting pumped and vice versa for you to trade futures (I do not participate in futures). #how #spot #scapling PS: these are some coins I trade with small volume as a writing example, while the coins I hold have 50% volume quite stable.
What is swing trading? For new investors, investing can lead to account depletion. So how do you make a profit when you don't know where to start, and you don't know how to analyze the market? Here are some basic ways, I have managed to double my account in 3 months. 1. Don't FOMO when the market is too green, don't buy newly listed coins if you don't understand the nature of that coin. 2. Don't play futures if you don't have experience, as it can lead to account liquidation due to poor capital management and incorrect DCA. 3. Look for coins that are showing an increase of 3-5% in 5, 10, 15-minute intervals from continuous updates from major websites or even on Binance. 4. The buying zone for swing trading is the area that approaches the bottom, and the RSI index is above 7 points, with large support levels purchased a few units below. 5. Swing trading is not the same as holding, so you need to watch the chart when it moves to make timely decisions; if you have bought, wait above your entry capital and set a stop-loss above your entry price (OCO order). 6. And importantly, do not go all-in on one coin because you cannot be sure if it will rise immediately or plummet (crash) is unavoidable. 7. Join groups with good analytical techniques, a community that grows together, including foreign groups discussing which coins they are into. 8. Sell at the right moment, taking small profits is better than having no profits at all; this shows you are taking care of your wallet well. 9. Don’t trust anyone; all answers are just for reference as the nature of cryptocurrency is unpredictable. 10. Be willing to cut losses to avoid regret if the market is unstable. Thank you for reading this far, and I wish you success.
Opportunity only comes once, when you are most scared is when I am in the best position, there is no black swan, bitcoin has lost its right to regulate some altcoins especially new coins, pay attention, there will be surprises #bitcoin #WIF🔥🔥
3 months to double profits is not too difficult for a beginner. I did it, you can do it. The fears of others are your opportunities through knowledge and a bit of luck. #PDA sell some, keep the profits and a small portion of the principal
Your money is only in your wallet. Luckily for me, yesterday I withdrew all the weak coins to buy the bottom of 2 other coins and also sold a relative profit today to wait for the next good entry. . #wif
You still think bitcoin will rise to $100k, but it's uncertain. In the past, when there were fewer coins, a huge amount of money flowed into bitcoin. Nowadays, it is divided among many new coins in the market. This is just a personal observation for the upcoming altcoin season; a useful advice is to hold on tight to your other cryptocurrencies. The dominance of #BTC will be rejected and will rise strongly from here. #BTC_Dominance Shows a bearish triangle pattern and was rejected from the trading line, As it has been rejected & has started a Bull Run previously.
THINGS TO DO AFTER BUYING A COIN —————————————————————————— After a few years of "living" with Market, I realized that one of the reasons leading to low prices or swings at the top can be summed up in one word "careless". Many people have been and still continue to trade by waiting for bets from KOLs and then participating in projects where the reason for buying is not convincing enough, or after buying it, throwing it away, deleting the app, etc., leading to Hold to …die. —————————————————————————— Trading is a job that requires spending as much time as possible on the Market, sometimes having to be on duty almost 24/7 with the market. After the wave in November 2023, our Vietnamese community had a joke: "If you don't update the market for a day or two, you'll become an archaic person." Many people still wonder why some people are so good at finding Hidden Gems, or catching the bottom and the top. Simply because they spend time on the market. So what to do? I have shared a lot about this issue, here I summarize the main ideas for everyone to refer to. There are three data that we must regularly update, which are Vol, Mcap and the number of tokens the top wallets hold. Why pay attention to these three data? . First, talking about Vol, this is one of the very important data, because it will directly reflect the psychology of those participating in the project. If vol is low and price keeps swishing, it means the market is hesitant, both buyers and sellers are balanced and equally hesitant. (If the article is good, I will continue to support you, thanks) Articles collected from Tien Dung #Write2Earn