Stop monitoring 100 cryptocurrencies! 🛑
Your guide to building a smart "watchlist" like the pros! 🕵️♂️📊
The secret to successful trading isn't chasing every movement,
but focusing on cryptocurrencies with real "potential."
Your watchlist is your compass in the market noise. 🧭
📌 How to build an effective watchlist?
1. The 10-20 Rule 🎯
Don't overwhelm yourself! Keep your list between 10 to 20 cryptocurrencies at most.
High focus = more accurate decisions.
2. Categorize your cryptocurrencies:
· Leaders: Such as BTC and ETH for monitoring overall market trends.
· Strong narratives: Choose two from the hottest sectors right now (e.g., artificial intelligence 🤖 or real-world assets 🏠).
· Gems: Small-cap cryptocurrencies with strong projects behind them 💎.
3. Monitor behavior, not just price 📈
Put cryptocurrencies showing "relative strength" (i.e., they don't drop much when the market falls) at the top of your list.
These often surge first during a rebound!
4. Update your list weekly 🔄
Markets change fast!
Cryptocurrencies that have lost momentum or deviated from their technical path should be removed to make room for new opportunities.
💡 Remember:
The trader who watches everything, masters nothing.
Choose your battles wisely! 💪
💬 Share with us in the comments:
How many cryptocurrencies are in your current watchlist?
And do you use categorization in your selection? 👇
#Pro_Trader_Crypt #StrategyBTCPurchase $BTC