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.
$UAI Good powerful trading under highs, can provide an excellent long position after a breakout.
The problem with this moment is that long activity is activated by an algorithm - so it's not worth waiting for a classic approach to levels with a clear entry point for a breakout here.
$KAVA In the coin, volumes have come in, and a relatively clear trend line has appeared on the chart, from which the activation of purchases is visible.
I plan to build a position when approaching the trend line with a clear stop behind the previous low. If we do not return to it, I will look for an entry point directly in the breakout of levels. If there are grounds.
$FORM If they continue to pump the coin with volumes and hold it in the current consolidation at the highs for some time, one can expect a good long exit.
The main entry point is the breakout of the round 0.3 (if there are reasons upon approach). I will try to accumulate in this trading range from its lower boundary with a small volume.
$MYX The volumes and open interest begin to grow on the coin. Also, a formation resembling a break of the short trend is drawn on the chart. In this setup, there is no clear stop, plus - it can turn out to be quite large. But the risk/reward ratio in this trade turns out to be sky-high, so with a small volume considering my risk management, I will try to work it out.
$STABLE The coin is currently graphically in a zone from which it very often starts to accelerate. Therefore, I am observing and waiting for an entry point.
This should either be a correction back to the trend area around 0.03. Or the formation of a local consolidation with clear upper boundaries, from which a long exit can be made to enter.
$SIREN The coin is on a trending rise, almost not reacting to $BTC, which is very good.
Right now we are pressing against the round 0.3, where large limit sell orders are placed (here and on Bybit). I plan to enter by analyzing these orders.
The goal is to capture the first impulses when stop-losses of short sellers are triggered, who enter on the rebound from these densities. #siren#TradingCommunity
$ARC The coin is approaching daily levels. I'm waiting for good trading underneath them and a smooth squeeze. If we approach technically, I will break through.
$OPN New coin at the top of growth, trading at high volumes. Graphically, there is a formation "break of structure", from which I plan to accumulate in continuation of growth: when approaching the local trading zone, from which a long movement emerged.
If we don't drop down to that level, I will look for an entry point already on the acceleration, somewhere around 0.7 and above.
$USELESS The simpler the trading, the more effective it is.
We simply find a coin that starts to see increasing volumes and volatility, with open interest rising. On the chart, we identify the bases for positioning with a logical stop and execute the trade considering a good risk/reward ratio (at least 1:4).
$pippin On the coin, beautiful daily levels have formed, which are also a historical maximum.
Now it is important to trade below them for a longer time (preferably a couple of days), gain strength (stop losses of short sellers), and smoothly approach them. In this scenario, there will be an excellent setup for breaking through the levels.
$WLFI The coin is being squeezed into a triangle. Considering the growing market, ideally it should break upward from this triangle. However, the coin is currently without volume and activity, so just entering the triangle hoping for a long scenario would be too naive.
Therefore, I am observing and waiting for developments. The ideal scenario would be a long squeeze of shorts and a quick return back to consolidation. In this case, there would be grounds to open a long position from the trend line with a clear stop behind it.