2/ First, you'll need to choose a cryptocurrency exchange, where you can buy and sell digital assets. Some popular options include Coinbase, Binance, and @MEXC_Global
💰 Look no further than MEXC Global! 🚀 Wide range of coins, user-friendly interface, high security, fast transaction processing, and excellent support! Join the growing community of traders today! #MEXCGlobal#crypto"
2.) The first thing to understand is trading is very different to holding
Generally you want to increase your USDT as much and as quickly as possible
3.) With a volatile crypto market it’s important to have a trade set up, accept a loss if need be and move on. Why?
4.) Because, whilst X many times, staying in a trade this will pay off
You never cashed out for a loss and it’s heading back up. Great 👍
There will be the times when crypto plunges deep
Thread
I generally just use supply and demand zones and volume to determine TA, nothing too fancy such as Moving averages or RSI. Someone asked for insight into how I look at demand and supply. Here’s my steps to get you on the fast track to seeing the lines.
(1 of 5) #crypto
Start on the daily chart. The biggest levels will be on the longer charts
Where does it struggle to break through a few times or where does it find support?
Draw those lines in 1 colour.
Let’s take red here.
The further back those go the stronger they’ll likely hold
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Then move into closer charts
I’ve started on a 4hr here
Using a different colour show those resistance and support levels
These are on 4hr’s so still strong levels but likely to fall sooner than the red daily’s
(3 of 5) #btc#bitcoin