1. 1st bounce must be massive selloff 2. Must have excellent support further left 3. Conservative stop loss, but you decide where to put, make sure 5/reasonable. 4. Risk 8% 5. Take profit early and try 3rd bounce 6. Look at all Coin markets ex. BTCUSD , BTCUSDT , BTCBUST 7. Look at Big/Small Caps, BTC .D, Stock and index, GOLD etc. and make sure it makes sense.
Characteristics -Hard Entry (Violates guessing the bottom rule) -Hard SL