In my understanding, a gambler is a person who cannot restrain themselves from random trades. This is a trader who has undergone training (or self-taught), created their profitable trading system, but continues to deplete deposit after deposit because they cannot adhere to their own rules. For every good systematic trade made by such a person, there are several random trades that eat away all the profit from
It doesn’t matter if you are a scalper or an intraday trader, it is essential to understand one of the most important rules of successful trading: you can only make money on active coins that are of interest to the market. You can identify such a coin by 3 criteria: 1. Increased relative volume. The key word here is 'relative'. This means that the daily volume should increase 3 times or more compared to the volume at which the coin is usually traded. As a rule, an increase in volume is accompanied by a strong rise or fall in price. Such coins are easy to find in any screener or even on the exchange itself by sorting coins by growth and decline.
$SKR Graphically, this formation looks like an ideal setup for a structural break: after a correction, we entered consolidation, broke out into longs, and have now returned to this trading range for a retest.
If entering directly from the current levels, it would result in a very fat stop. Therefore, for now, I am observing - if we go lower, I will enter with a stop, roughly behind the trendline and targets around 0.035-0.040.
$FIGHT The coin formed a prolonged consolidation, broke out of it upwards by more than 30%, and is now returning for a retest.
Just 3 months ago, this formation would have been an excellent option to work off the breakdown of the short trend. But considering today's market, the likelihood of a technical execution of this setup is highly questionable.
Nevertheless, I will try to accumulate in this consolidation, but with a very small volume. More with the aim of gathering statistics.
The market is currently extremely poor: liquidity is leaving, order books are empty, technical analysis (any analysis at all) stops working against the background of the absence of 'real' money in assets. The smartest thing to do in such conditions is to take a break from trading and improve your skills. There are at least 3 main options for learning: personal mentoring, group training, and self-study.
$FRAX As an option for working through the breakout of long levels - to enter with a small volume in advance on a rebound from consolidation. The main volume should be loaded directly into the breakout of the highs, if there are grounds when approaching them.
$FOGO The graphic setup looks very powerful: on one hand, the price is held by the trend line, on the other - the volume profile. If the market doesn't start to spill today, the current price could become an amazing entry point for opening a long position.
Targets - at least 0.05. If large volumes start to flow into the coin, part of the position can be left for a more global increase. #fogo #tradingStrategy
$WLD Large volumes have entered the coin, so it can be assumed that the pump has not ended with just one long position, but there will be another wave.
In addition, large buy orders have started to be placed in the order book around 0.5.
Therefore, I will try to accumulate from the current levels to about 0.495, approximately. With a stop at 0.49. Take profits around 0.6.
$ENSO After the correction, the coin started trading sideways. Graphically, from such a formation, the price often goes on a quest for highs. Therefore, I will try to accumulate in this range (from its lower boundary) and pull towards the highs.
It is important to understand that we do not know where the price will go, and we do not try to guess. This is impossible. In this trade, we focus solely on Risk/Reward. Here it comes out to be no less than 1:10. This is the advantage of such setups, that even if we make mistakes 8 times out of 10, we will still earn in the long run.
If we adhere to money and risk management, of course.
$AUCTION The coin has good volumes, open interest, and volatility is also very high.
Currently, the asset is beginning to show consolidation. The plan for the trade is to wait for good trading and a squeeze to the highs. In this scenario, I will work on breaking through long levels.
$BNB The market is starting to tilt downwards. If there is a small downpour, I will try to pick up #BNB
There is a good point: on one side, there is a trend line, from which many will enter for a rebound, thereby pushing the price up. On the other side - 2 large limit buy orders.
I will start picking around the range of 860-850, if we get there, the stop - below 840.
$NOM The coin is at the top of growth, currently forming another consolidation at highs. If it gives another spike to the level with a drop and a smooth next approach, I will be working on the impulse breakout.
There is a very large decoupling from the spot, so you need to look at two charts and the order book simultaneously. And don't miss the funding. #nom #scalping
$FOGO Now I am watching these levels around 0.041. If we trade well below them, I will break through.
The coin is active, plus - it was recently listed. This means there is still interest in it, so after the breakout, a surge may begin.
As usual, I will sell part of the volume on the first impulses immediately after the breakout, and I will leave part positionally. #TradingAlerts #CryptoStrategy
$CC The coin is trading under a cascade of strong daily levels. Such formations often lead to long positions gaining 20-30%.
Therefore, I added the coin to the order books, and I will wait for the appearance of a participant who will start pushing the price towards the highs.
$我踏马来了 The new coin has drawn decent long levels. Right now, I would like to trade within them for about 6-8 hours with a smooth push towards the highs, and then we can break through.
I will enter the levels at the moment of the breakout. Accumulating in such algorithmic tokens in advance is pure gambling.
I will fix the main part of the position on the first impulses immediately after the breakout. I will try to hold the rest if there are grounds in the order book.