Crypto pt. 3
Why does my strategy work?
Based on people’s emotions and trading habits I think TFM is right when he says people are momentum based traders. They buy as something is going up hoping it continues to go up. I buy on loss, and create an auto sell at -50% return. If there’s somehow a rug pull, and a 20% profit is good.I also look at coins where the daily price is high, and yearly price is low. The daily price shows people are active on it, the yearly price shows potential of profit.