The strategy needed to trade in every phase of the market is always changing but one thing is common, if backtested, it will always show how the future price might react. This is definitely how successful traders have been trailing the market.
Alot of information on the market strategies, prime coins for pull back and nice ride to higher target are littered over the internet. This is based on people experience and forecast. While many will stick to theirs, others will search for new ones and back-test it to prove its success rate.
This is one I found recently and I think I resonate with the strategy by the author.
He described the strategy he used on the chart
These are the conditions
https://twitter.com/Andre_S_Journey/status/1118595503833452550
- Andre_S_Journey
1). Look at the chart to locate a coin in an uptrend in 1hr/4hr time frame
2). 100 MA is below/supporting the price
3). 200 MA is below 100 MA
4). Allow price to bounce off 100 MA
5). Enter only if price trend upward
6). If price goes down further, chcek to see if it bounces off 200 MA
7). Exit based on the next resistance or your new strategy.