Guys, I know a lot of you here are beginners, so here's a simple concept that can help you learn trading.
This concept, or strategy, is called "AMD"
A = Accumulation
M = Manipulation
D = Distribution
Here's how it works: the price first moves within a range and accumulates just like you can see on this $SOL chart, where price kept pumping and dumping between $85-$89, basically moving sideways in a range.
Then, suddenly, SOL dumped down to $76 we call this manipulation, and this is what shakes out the weak hands ✅.
After that comes distribution, where price makes a massive pump again, exactly what you can see on the $SOL chart. So this is a basic concept, but if beginners work on it, it can give a pretty solid win rate.
This concept, or strategy, is called "AMD"
A = Accumulation
M = Manipulation
D = Distribution
Here's how it works: the price first moves within a range and accumulates just like you can see on this $SOL chart, where price kept pumping and dumping between $85-$89, basically moving sideways in a range.
Then, suddenly, SOL dumped down to $76 we call this manipulation, and this is what shakes out the weak hands ✅.
After that comes distribution, where price makes a massive pump again, exactly what you can see on the $SOL chart. So this is a basic concept, but if beginners work on it, it can give a pretty solid win rate.
