This post is inspired by @ChillTRD, an absolute legend that encouraged me to share some alpha with degens searching for treasure.
A lot of folks in the trenches commonly hear the expression "lol ta doesn't work on new coins."
This is just plain untrue. Let me elaborate.
π§΅π
A lot of folks in the trenches commonly hear the expression "lol ta doesn't work on new coins."
This is just plain untrue. Let me elaborate.
π§΅π
TA is based on the emotional psychology of humans, which is present at all times when money is on the line.
Even in new coins, you can use certain indicators to get a great entry.
Three tools you can use that work well are Fibonacci Retracement, Fibonacci Trend Extension
Even in new coins, you can use certain indicators to get a great entry.
Three tools you can use that work well are Fibonacci Retracement, Fibonacci Trend Extension
& Fixed Range Volume Profile tools.
Lets look at $Mbx as an example.
After the first pump from the launch, you're pretty much buying after all the snipers.
In order to avoid getting dumped on, I set up a Fib Retracement tool from starting price to the top of the first rally.
Lets look at $Mbx as an example.
After the first pump from the launch, you're pretty much buying after all the snipers.
In order to avoid getting dumped on, I set up a Fib Retracement tool from starting price to the top of the first rally.
New coins tend to have a 80% - 90% pullback from the top. If the project has a lot of strength 60%, if it only pullsback 40% - 50% theres a high likelihood you got a ceritfied senddoorrrrr on your hands.
With Fibs the golden zone is between the .618 and the .786
With Fibs the golden zone is between the .618 and the .786
I look for a pullback to the .786 level, this strategy requires patience, but if you have it, you can just set up limit orders and wait for it to tap your entry.
@BlocksNThoughts has posted about these tools as well, and he's a total boss at finding low cap gems.
@BlocksNThoughts has posted about these tools as well, and he's a total boss at finding low cap gems.
As you can see from the second pic, it eventually tapped right into my buy zone and riiiipped.
This strategy has a high rate of putting you in instant profit allowing you to comfy hodl and possibly even take initials on first pump back from the trough.
This strategy has a high rate of putting you in instant profit allowing you to comfy hodl and possibly even take initials on first pump back from the trough.
Now, this may not work absolutely 100% of the time, but I'd say 90% of the time it does, and you only really want to do this with solid projects.
I would not recommend this strategy on memecoins unless they have crazy amounts of cultish strength. Even then, move with caution.
I would not recommend this strategy on memecoins unless they have crazy amounts of cultish strength. Even then, move with caution.
This strategy is best suited to utility gems that generate revenue and provide an underlying value creation mechanism.
Try to find first movers, or highly competitive second comers that are working hard to compete. Line up your fib, set you limit buys and just chill.
Try to find first movers, or highly competitive second comers that are working hard to compete. Line up your fib, set you limit buys and just chill.
If you liked this post make sure to like and share with other degens ππΌ
I will have follow up posts detailing the uses of Fib Trend Extension & Fixed Range Volume Profiles for low caps soon π€ππΌ
Shouts out to @ChillTRD & @BlocksNThoughts
Give them a follow for alphalfa ππΌπ
I will have follow up posts detailing the uses of Fib Trend Extension & Fixed Range Volume Profiles for low caps soon π€ππΌ
Shouts out to @ChillTRD & @BlocksNThoughts
Give them a follow for alphalfa ππΌπ
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