In the struggle of studying crypto and understanding which approach should I use for spot trading for gains. Have tried the following strategies;
1.I chose to be disciplined and increase on my patience levels, tokens kept dipping month in month out.Got tired of waiting and ended up selling at huge losses๐ฅ
2.NOT chasing pumps, I decided to buy the correction after retracement, they never went back/rose๐คจ
3.Decided to target early pumps, coins that are just starting to pump or rise, the minute I make my entry, that's the end of just an early rise and dip for days. ๐
4. I understood that tokens rise in cycles or groups like fan, Defi, Gaming or tokens marked with a monitoring tag, so whenever I could see one that has pumped, I immediately look through the cycle and buy immediately, Guess what happened!? those that I didn't buy are the ones that rose and pumped even.
5.Finally on newly listed tokens, I decided to start small and keep on buying as they dip so that once they rise, I take advantage ๐๐๐ช many of them stopped from my first small buy and rose to not dipping.
6.Maybe I should start with a big buy this time, guess what happened, immediately after it's buy, the token kept on dipping and never rose back leading me to losses. ๐
7.Decided to wait for a second candle to buy just like Pnut, Act and other newly listed tokens, I always counted the time very well and bought immediately just like today for Verodrome, none went up for sure๐
8.When I decided to always sell early to lock profits and avoid losses, they kept on pumping, I decided to always wait for the 4hrs to elapt, they always dipped leaving me in regret, wish I sold when I had profits.
๐ค.Am still looking for a better strategy, please share with me your strategy, together let's make money ๐ค๐ธ๐ต๐ด๐ถ๐ฐ๐ณ
Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee.ย See T&Cs.
186
Join global crypto users on Binance Square
โก๏ธ Get latest and useful information about crypto.
๐ฌ Trusted by the worldโs largest crypto exchange.
๐ Discover real insights from verified creators.