Many guys are struggling with the multiplier issue. This question doesn't really need to be a concern. When your account balance is greater than 5000, most altcoins can only open a position of 5000 dollars with high leverage, so you won't even be able to enter a high-leverage position.

Position management doesn't need to be overly complicated. Using 5% of your own capital for contracts means you can play around without any pressure. Going all in without leaving yourself an exit will eventually lead to being unable to finish your meal of pig's feet and endless screws.

How to understand liquidity? When the market is bad, no one is willing to trade. With fewer traders, naturally, there is no liquidity. Without liquidity, the price of coins will spiral downwards. This decline is caused by retail investors, not the big players, because many coins do not have major players. The battle between retail investors of buying high and selling low will create a stampede.

Choosing targets mainly involves shape + volume-price + market sentiment. Candlestick charts are just auxiliary tools and are almost useless, so don't overanalyze them. The focus of choosing targets is on volume and price.

Technical indicators are actually not very useful. The key is the macro economy and policies. Once you understand these, applying technical indicators will teach you the strategy you want.

What do candlesticks represent? Think clearly, brothers. Candlesticks are history, not the future. Your trading is about trading the future. If you overly rely on historical references, you won't be able to make correct judgments about the future. You are running ahead, and the candlesticks are following behind. So, once you clarify the essence of trading, it may not be that complicated.