Gen X Low Cap Strategies (3/3)

Possible strategies that you may utilize for this algorithm

Universal Strategy - Conviction

Universal Strategy - Conviction

To increase your chances of executing successful trades, follow these three steps:

1. Verify if the signaled price range is acceptable for your trading strategy. Ensure that the entry price aligns with your risk tolerance and investment goals.

2. Evaluate your prior conviction for the project. Consider any research, analysis, or insights you have gathered about the project's fundamentals, team, roadmap, and market potential. If you have a strong belief in the project's long-term prospects, it can provide additional conviction for making an entry.

3. Examine the local peak price within a timeframe of 7-30 days. If the difference between the current price and the previous local peak is significant, there may be an opportunity for an entry. Projects often retest previous resistance levels, and if the price has retraced significantly from the peak, it may provide a favorable entry point.

Please note that the Universal Strategy - Conviction is a general approach, and individual results may vary. It is important to conduct thorough research, consider market conditions, and assess your own risk tolerance before making any trading decisions.

Disclaimer: This information is not financial advice. Trading involves risks, and it is essential to make investment decisions based on your own analysis and judgment. Always exercise caution and consider consulting with a financial advisor when making investment decisions.