Don't Buy Top Losers Blindly ❌ My Strategy
I see many beginners buying today's top losers just because they are -20% down. That's a trap.
Here's my checklist before I even think about buying:
1. Liquidity Check: If volume is low, it can dump another 30%. I check BTC first, if BTCis not stable, I don't touch alts.
2. Reason for Dump: Is it a normal correction or bad news? I always check the chart of $ETH and $BNB for market direction
3. My Fav: Out of all losers, $ENA is showing some relative strength, but still waiting for $BTC C to hold.
I'm not buying yet, waiting for a proper setup. Are you buying this dip or waiting?
What is your top loser today? Let's discuss.
#BTC #Crypto #tradingtips
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Note: Not financial advice. Do your own research.
I see many beginners buying today's top losers just because they are -20% down. That's a trap.
Here's my checklist before I even think about buying:
1. Liquidity Check: If volume is low, it can dump another 30%. I check BTC first, if BTCis not stable, I don't touch alts.
2. Reason for Dump: Is it a normal correction or bad news? I always check the chart of $ETH and $BNB for market direction
3. My Fav: Out of all losers, $ENA is showing some relative strength, but still waiting for $BTC C to hold.
I'm not buying yet, waiting for a proper setup. Are you buying this dip or waiting?
What is your top loser today? Let's discuss.
#BTC #Crypto #tradingtips
---
Note: Not financial advice. Do your own research.
