This is an example of how my exit & entrance strategy works. It is likely far from the ideal strategy, but it has been helpful for me.
In this example, for each crypto, there are multiple levels of buy and sell signals, and when I hit that level I will sell/buy the percentage noted in the left column.
Also, as noted by the Evmos column, you don't have to have both buy and sell signals, you can have one of the two if you only want to accumulate or sell that coin/token.
This is an alternative to DCA'ing which is a really good strategy, however, I don't have a constant in flow of fiat available to dca with, so something that hinges on price levels currently seems to fit me better. Part of this strategy is when I hit a sell mark I will keep some of that sold money back to use to purchase any coin/token that hits a buy signal.
A final thought. The buy and sell prices don't have to be static/permanent. If the price is changing drastically or some new information/news comes out you might choose to adjust the buy or sell prices up or down depending on what is going on.
Bitcoin | Ethereum | Atom | Evmos | |
---|---|---|---|---|
Current Total | --- | --- | --- | --- |
Decrease in price (buy signal) | ||||
10% | 20,000 | 1,500 | 10 | |
10% | 15,000 | 1,250 | 8 | |
10% | 12,500 | 1,000 | 6 | |
20% | 10,000 | 900 | 5 | |
20% | 8,000 | 800 | 4 | |
30% | 6,000 | 700 | 3 | |
Increase in price (sell signal) | ||||
10% | 60,000 | 3,000 | 40 | 2 |
10% | 75,000 | 4,000 | 45 | 2.5 |
10% | 90,000 | 5,000 | 50 | 3 |
20% | 110,000 | 6,000 | 55 | 3.5 |
20% | 150,000 | 7,500 | 65 | 4.5 |
20% | 200,000 | 9,000 | 75 | 6 |
Anyways, I hope this is helpful for some of you and I would love to hear your thoughts on this strategy, what you like and what you don't like about it. :)
Edit: This strategy was taken in part from a Ben Cowen video where he (with a lot more TA) showed something similar
Edit 2: Based on u/Impossible-Injury932's comment I adjusted the percentages to leave 10% of the coin/token in just in case the price keeps going up past the highest price.
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