Example of how to trade without chart analysis
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Since the coin market can be traded 24 hours a day, 365 days a year, gaps do not occur as often as in the stock market.
(However, gaps may occur frequently in exchanges with low trading volume.)
In any case, I think that these movements provide considerable usefulness in conducting transactions.
Sometimes I told you to buy when the price drops by -10% or more.
Today, I will tell you why.
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In order to trade, you must have basic knowledge of charts.
Otherwise, you are likely to conduct transactions incorrectly due to volatility.
However, such cases are less common in the coin market than in the stock market.
One of the reasons is that the current coins (tokens) are not being used for actual business purposes.
So, I think there are quite a few issues that cause volatility other than charts like stocks.
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If the price falls one day and falls by about -10% from the high before a new candle is created, I buy.
The next day, if it falls by about -10% from the high again, I buy again.
When it falls by about -10% like this, I continue to buy in installments.
That's why I need to adjust my investment ratio.
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If I buy like that, there will come a point where my price rises more than the average unit price.
In that case, when I'm making a profit, I sell the amount corresponding to the purchase principal in installments and leave the number of coins (tokens) corresponding to the profit.
If you want cash profit, you can sell a certain portion in installments.
Also, on the contrary, when it rises by about +10%, we proceed with a split sale.
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As shown in the example chart, you can see that there are not many cases where it rises by -10% or +10%.
However, since it occurs more often in the case of altcoins than in BTC or ETH, you should pay special attention to adjusting your investment ratio when trading altcoins.
That is why you must check the price fluctuation range 1-3 hours before a new candle is created on the 1D chart.
This method is a method that can be traded even if you lack knowledge about charts.
If you let go of your greed a little and have the ability to split sell when you are making a profit, you will be able to meet the moment when a crisis becomes an opportunity.
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Thank you for reading to the end.
I hope you have a successful trade.
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