How To Trade NEW ALTS - SECRET PATTERN !!New Alts - a Pattern
Newly released alts all seem to follow the same pattern, at least for the first few weeks. From the frontpage chart, you'll notice a very interesting "fractal" if we can call it that.
It goes something like this:
🚀 Opening Candle 💥 Top Out 👇 Hard Drop ❕ Re-enters opening price or goes under 🔁 Bottoms out (HERE IS WHERE YOU BUY) 🚀 Higher Highs follow.
With this said, it seems evident that you should WAIT to buy a coin that has just been released on the exchange. Although you could try to jump in to the moving train, the risk is simply too high if you do not already have a position.
ALTS that have already retraced, bottomed out and establishing higher lows. These alts you could easily preset TP targets from 15% onwards, depending on your risk appetite.
📈HERE are some examples:
JTO, almost there:
RVF, full retracement and beyond (This could be a warning sign as a liquidity drain)
RAY, clear bottom, full retracement, approaching re-accumulation zone:
ADA, full retracement, hard bounce, approaching key re-accumulation zone:
ALWAYS remember to take caution in the volatile world of crypto with a SL and reasonable targets. Remember that trading newly released alts and memecoins greatly increase the risk on top of the existing risk of crypto.
