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.
$ZRO The coin on volumes and activity approached the level and fell back for correction. This is a good basis for forming a breakout setup: right now, consolidation below the highs and a smooth approach to them is needed.
In this scenario, I will break through. Entry into the levels themselves or earlier, if grounds appear.
$POWER We approached the historical hay. To finish drawing the breakout pattern, it is necessary to trade below the levels and smoothly approach them. In this case, there will be a classic setup for the breakout.
If there is no technical approach to the levels, and we simply fly randomly upwards - the breakout scenario will be canceled. In this case, I will try to catch the knife.
$RIVER The coin starts to round out in longs after consolidation at the lows. There is an increase in volume and volatility. But there is no entry point.
Therefore, for now, I am observing and waiting for a clear setup to enter for a continuation of growth. This should be either local levels, which can be broken through to enter. Or a local trend line, to take a bounce from it. Another option is to pick it up during a short squeeze (taking out the long positions), if it happens.
First fixes before 20, then depending on the situation.
$DUSK Graphically, there are all grounds to talk about the breakdown of the short trend: we broke the slope, showed a reaction from it, and went long by many percent. Now we are returning to the trend line for a retest. From here, I will try to start building a position.
I plan to fix in a wide range (10-20%), as soon as the price surpasses the previous maximum. #dusk #CryptoStrategy
$我踏马来了 Graphically, these levels look very beautiful for a breakout. Moreover, this is a historical minimum, which means there should be a lot of stop-loss orders from the long positions behind them. Plus, this is a relatively new coin with high open interest, normal volumes (for a junk coin), and activity.
If we approach the levels smoothly, I will break through. If there is a fast approach - I will skip. #我踏马来了 #Alert!!
$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