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.
The price has reached the levels again for a retest. This is a decisive zone, because if these levels are broken and then the price returns back into the consolidation, it will become a strong signal to continue the upward move.
Therefore, I’m waiting for a pullback into the breakout area, and I will enter on a rebound from the support levels with a short SL. Take profits after the breakout of the round number 100.
Many people are now waiting for a Bitcoin correction; some even expect it to reach 40,000. I’m not a big crypto analyst, but looking at the inflows into spot Bitcoin ETFs, it’s not clear who would need to trigger this massive sell-off.
If you’re not aware how exchange-traded funds work, I’ll explain it in a nutshell: each issued share must be backed by a real asset. That means if inflows into Bitcoin ETFs continue to grow, the funds will have to buy Bitcoin on the exchanges and hold it themselves as collateral for the shares. At the same time, it doesn’t matter at all how much it will cost: even if the price $BTC rises tomorrow to 500,000, the funds will still be buying it—they simply have no choice.
Basically, I don’t believe in a big correction, so I’m going to try to position myself within the broader long-term uptrend.
Right now I’m seeing some decent support levels, from which I will be accumulating carefully with minimal risk.
The coin is forming a good consolidation at local highs. If you look at its history, from similar accumulation phases it has launched with powerful long candles, up 40%-50%.
Right now, I don’t see clear entry points or zones for building a position, so I’ll just keep watching it. If long activity appears, then I’ll look at the situation and decide how to latch onto this rocket—if it takes off at all.
Litecoin begins forming a channel at the highs, which can give two good entry points: 1 - a bounce off the lower boundary of this channel, 2 - a breakout of the upper boundary (long levels), if it draws them out nicely.
A third entry variant is at a retest of the upper boundary of the channel after exiting it. In case there is no basis for the first two points.
Open interest does not fall even during a strong correction, so I suppose it makes sense to try to build a position in this local accumulation in order to take the long exit.
I’ll enter part of the working volume from the lower "incline" if there is a reaction when price approaches it. Part of it I’ll add on a breakout at 0.0095.
And I’ll try to stand at least until the round 0.01. Then I’ll unload the main volume there, and keep the rest in case of a more global uptrend. The plan is roughly like this.
The coin is coming out of a strong accumulation; volumes and open interest are increasing. Therefore, I’m waiting for an entry point to continue the upward move.
This should be a local correction and accumulation on the lower timeframes. At the breakout from this consolidation (through its upper boundary), that’s when I’ll enter.
I’m already in a position with an average entry at around 56. Stoically I endured the urge to lock in a 10% profit. But here the goals are more global, so it’s either take-profit or stop-loss.
The coin is holding the trend very confidently, so as it approaches, I’ll add to the position with a clearly defined SL at 54.5.
The coin was held very technically at local support levels, after which a trend-driven rise began on increasing volumes.
In the current growth cycle, $SOL has not yet shown strong long moves the way many other fundamental altcoins already have. Often, it is during corrections in BTC and ETH that liquidity starts flowing from the "digital gold and silver" into liquid coins with solid fundamentals.
I will build the position from the trend with a stop at 110. Take profits - after 135.
The coin has formed a solid accumulation at the highs; above, there is a level at a round number, 350. Below it, there are support levels around 330, from which a buyer reaction is visible.
Trade plan: enter directly from the current price with a stop at 329, and take profit across a wide range as the price rises after breaking 350, maintaining a risk/reward ratio of at least 1:4.
"Break of structure" according to my statistics works, approximately, in 75–80%. This is exactly the case when it’s justified to increase risk, because such free entry points—especially on Bitcoin—are very rare. $BTC
Crypto-Zorg
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Perfectly worked! The only thing is it's a shame I wasn't at the computer when the price came in for a retest of the breakout range—there I could’ve gone in for the full amount with a 0.2% stop.
A local formation of “structure break” has appeared on Bitcoin. This is a good entry point with a short stop, from which you can enter on the breakout of a cascade of long levels.