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.
$BTC Bitcoin is starting to form a decent foundation for a breakout setup. The structure is still raw, but if the price gives a long-sided (long) rebound of a few percent and once again smoothly approaches the levels, I’ll go for the trade.
Entry — no market order, because on BTC it’s a lottery. I’ll place pending orders right at the level.
Target — to grab the first impulse waves on the break of stops.
$SYN Price after the pump and correction starts its move into a second round of growth.
On the chart, a decent breakout setup is currently forming—long (buy) levels, with a nearby round number 0.5 above them (round numbers act as a magnet for price because there is a lot of liquidity there (a large number of stop orders)).
I’ll enter when those levels are broken. For now, I’m waiting for the setup to finish forming.
$ORDI The coin has broken the short-term trend; volumes and open interest are increasing. Therefore, I’m watching and waiting for a formation to continue the uptrend.
Ideal scenario: a small pullback and the formation of consolidation with a squeeze toward its upper boundaries. If this plays out, I’ll enter on the exit from this churn, on a breakout of the local highs.
It would be great if accumulation happens alongside a strong increase in volume.
$RE Coin draws a structure very similar to the start of a long-term uptrend. Additional factors in favor of the long scenario: elevated traded volumes and low correlation with Bitcoin.
I will build the position in small parts, on a correction, closer to 0.7 or slightly below.
$VELVET Main in-play of the last days: it’s trading on elevated volume and volatility, and open interest is increasing. There are no formations to work off on the chart yet—I’ll watch how it behaves as we approach the level. If we gradually compress and trade under it for a few hours, I’ll break through—after the round number 2, a good long surge may start.
If there isn’t consolidation below the level and we push through it “with a run-up,” then I’ll be waiting for a knife/wedge move, and then—on the order book—I’ll look for a point to counter-trade. #CryptoStrategy #velvet #tradingsignal
$ETH The broadcast begins to form a channel with clear boundaries. Positionally, I will open a long from the current area and take profit at the upper boundary of the channel. Stop at 1500. The risk/reward ratio in this trade turns out to be approximately 1:4, which is fine.
If we gradually move closer to the lower boundary of the channel, I will consider the round number 1500 for a breakout. I plan to execute this in a scalper style—meaning I will enter directly at the level and take the first impulses off the stop orders of long traders.
$STORJ Interesting situation: yesterday we were hovering under the daily level for quite a while, but we couldn't break through and ended up correcting. This means that the short sellers' stop-losses above the highs remain intact. And that indicates a high likelihood that the price will spike to take them out.
Supporting the long scenario is also the open interest, which has shot to the moon, along with significantly increased relative trading volumes.
I'll approach this setup like this: I'll try to accumulate a small portion (about 1/3 of my trading volume) in advance if we dip lower, somewhere around 0.12-0.115. I'll add the main part right at the key levels.
$ZEC I drew some decent long levels; if we smoothly approach them, it will be an excellent breakout setup.
The coin is currently trading with high volumes, plus there is a good history of breakouts yesterday and today. Therefore, I expect a good performance if we approach the highs correctly.
$RAVE Coin, as if it is already ready to make the final long stick to take out the shorts, and go for a pump. In the context of today's market, this seems to be the most anticipated scenario.
If it gives a point to break through levels, that would be great. If not, I will try to "catch the knife" and attempt to pull out a large short movement.
$DASH The coin is trending upwards, volumes and postcards are increasing.
I entered halfway into the working volume on a rebound from the trend, if we continue to rise, I will add along the way, pulling the stop behind the previous low.
$MAGMA The coin is consolidating under a good long level. Volumes and open interest are rising. Therefore, I expect a range-bound trading with a squeeze towards the highs and I will break through. Approximately at 0.154 I plan to close part of it on the impulse, and I will try to stretch part of it to the historical high, which is at 0.2
$TAO The coin has been trading at increased volumes for a long time, always looking stronger than the market, especially during the drop of #BTC. Therefore, I will start accumulating a position from the current levels to the support levels around 330. Stop at 329.
After the breakout, an increase may begin, as is often the case in such formations, so I will take profits on the long acceleration after breaking 374.
$LIGHT Today in the market, I found two decent situations for entering long positions. In both cases, there is an increase in open interest and a rise in traded volumes, and graphically, there is a clear trend line from which buyers are reacting.
The stop, accordingly, is set behind the trend line, and the take profits can only be indicated mathematically, based on a risk/reward ratio of 1:4(5). $ANKR