Master the Market: Three Essential Steps to Become a Crypto Trading Pro

Step 1: Trend, Trend, and Trend

The crypto market, or any other market, has only three states: rising, sideways, or falling. Rising means the prices are going upward, and sideways means the prices are in the range of consolidation. The buyers and sellers have an equal force in the market, and the prices do not move upward and downward. The falling is basically the downward trend when prices are constantly moving in the downward direction.

To find the trend, you can use the periodic chart of 4 hours. Alternatively, first, look at the 1-hour chart and then confirm the trend with the 4-hour and 1-day charts. If you have found out the trend, then go long when the price goes up and go short if it will not continue. During the consolidation, don’t make any transactions because you don’t know in which direction the prices will move forward.

Step 2: Key position, key position, and key position

Whatever the market position — rising, falling, jumping up, or down — it doesn’t matter to you. Developed your skills to face these market movements. The better profit is made when you have entered the starting point or find the precise position where you have complete understanding of the next move of the market. Your entry and exit are based on a complete strategy, and you must know the facts behind the key events. For expert traders, it is the support and pressure positions that are used for trading. You can use a number of indicators to find the key positions.

Step 3: Profit, Profit, and Profit

If you have entered the market during a big trend, you are in a great position. But leaving the market requires another signal, which could be breaking the trend, reaching the resistance level, or the last high. It depends on your situation, but try to achieve the maximum profit before leaving the market.

In summary, the overall trading strategy requires the following steps:

1. What coins have you selected?

2. How much are you invested?

3. What is the direction of your trend, long or short?

4. What is your entry point?

5. What is your exit strategy from the perspective of profit or loss?

6. You must prepare for emergencies.

7. Repeat your trading operations.