When it comes to crypto trading, the first thing to watch is still BTC's temperament. BTC is like the weather vane of the entire market; when it's doing well, other coins have the chance to follow suit and rise; if it is sluggish, even the best altcoins will find it hard to stand out independently.



Specifically, for individual altcoin operations, my habit is to first look at the long-term chart. The long-term chart helps you identify key support and resistance levels, which are often good points for positioning or reducing holdings. Short-term fluctuations can be very deceptive, but the trend on the long-term chart is hard to fake.

Many people like to focus on minute charts and trade frequently, only to get slapped in the face repeatedly. Instead of doing that, it's better to find a trading cycle that suits you—perhaps the 4-hour chart or the daily chart—and then root yourself at that level, waiting for high-probability opportunities to appear. Doing so will significantly improve your success rate in trades.
BTC-0.21%
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