How can you gain from trading crypto if the market crashes?
You don't need to wait for a bear market to buy low and sell high. StormGain provides you with a unique, easy-to-use feature that can result in incredible profits.
Let's look at two strategies that can be applied to various crypto projects:
For meme/community-driven coins, the best news is that you don't need to be an expert on them and can easily make money by following Elon Musk's tweets. How?
Musk's tweets usually significantly influence DogeCoin's price, 'pumping' the price by between 15% and 20%. Identify the price when the tweet is posted and wait 30-60 minutes until it reaches +15-20% of the crypto's current price (in our example, the price is $0.215), then press 'Sell'.
Then you can include a Take Profit at the same price you saw before his tweet. In this case, it's $0.175.
With leverage of 10x and a $1000 investment, you could have made $1800 in profit in a couple of hours.
Similarly, with leverage of 30x and a $1000 investment, you could have made $5250 in profit in a couple of hours.
You don't need to be an expert to trade; you just need to pay attention.
Another strategy can be used for projects that are more secure/stable than meme coins or community-driven coins: use StormGain's indicators. You can use the MA 9-26 Cross or the RSI as a backup to identify when certain waves are about to begin or end.
Let's use ADA (Cardano) as an example.
We can easily identify when it's the right time to open a short trade. If the Cross occurs, it could mean that a short- or medium-term decrease will begin. We can always confirm this with the RSI to see if that instrument is overbought.
When the right time comes, we can initiate a long trade. We just need to follow the RSI first and identify if it's oversold, so we can confirm the entry point with the MA 9-26 Cross.
If you use this strategy to trade $1000 with leverage of 30x, you would now have had at least $8000-$10,000 on each wave.
Don't trade with your emotions; use analysis.