I have been using this strategy during this month:
For 90% to 95% of the positions I open, I choose coins that have been listed on Binance for at least more than a month.
I check the chart in the timeframes of: 1 day, 4 hours, 1 hour, 15 minutes, 5 minutes, and 3 minutes, this to confirm having a trend with good structure, whether bullish or bearish.
If the chart is sideways, that coin is discarded.
If the chart shows a bullish or bearish trend, I apply Fibonacci retracement as follows:
I open a position if the trend has good impulses and moderate retracements after confirming the trend with three bullish or bearish peaks.
If there is a confirmed trend and the impulses and retracements are irregular, I mark a Fibonacci extension.
Finally, I set up the position as follows:
Isolated Margin. Limit price. Amount of 120 to 130 $USDT Take profit 1 to 2 $USDT Stop loss 5 $USDT