I think these are really good tips for those wanting to trade the alt coins. One thing I want to add is to calculate the risk-reward. If you are risking $200 to make $100, I would not take the trade (find support/resistance). But if you are risking $200 to make $600 when you are right, you can afford a few more losses.
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Amen! You're right about that ... the Risk-Reward should be calculated too. Thank you for reminding me and adding it to the comments. I hope people read this comment too!
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