How to Select a Coin to Trade?
You must have bought and traded different coins on different exchanges. You may be experienced but many are inexperienced in knowing when to buy which coins and how to choose the coins. You must admit that to buy coins, you must first choose good quality coins and adopt some strategies so that you can choose the right coins. Today I will share some important things with you, I hope it will be useful for you.
First of all try to Select a coin from top 100 ranking coins to reduce the chance of sudden big loss because their market caps are in billions and can not be easy to manipulate them. We see a lot of coins in the market but not all of them are of good quality. So the first thing you should do is to select the good quality coins, especially the coins that are in the ranking.
Check the coin "RSI" chart either it is in buy One or not, if it is in buying zone and weak buying zone or neutral zone then you can buy it because there are much chances to go up, but if the coin are in over bought zone then you the try to avoid because you are in risk to loose your money. If you review carefully, you will see that these coins are like, $TIA , $OP and $TON etc are in neutral zone And they are also good coin having theirs own infrastructure, and also chain just like BTC & Ethereum ETH.
One should buy it or in dips, they can giveback good profits, if you select Coin in these ways.
If you want to know where you check This RSI chart date and much more about trading then follow me and comment . Do your own research before investing. You have to keep one thing in mind if you cheat after buying coins then you will lose your money. So why should you buy coins with the best ranking of strong and good quality projects, you may have less profit but at the end of the day you will be able to keep your money and make a small profit.
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How to Select a Coin to Trade? Is a great post you have shared.