Core Technical Setups for Beginners

• Support and Resistance: This method, combined with simple market-structure cues, is recommended because it is easy to learn and effective in all market phases 10.
• Concise Formulas: Several KOLs offer simple strategies like a three-step breakout plan that has performed well in back-testing 1 or routines that require only 1-2 hours a day for those with limited time 35.
• Confluence: Emphasizes combining multiple confirmations (such as structure, Fibonacci, supply-demand, higher-time-frame trend) to increase win rates 20.

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Risk & Position Management Principles

• Risk Control: Many KOLs warn that poor risk management, not bad analysis, is what often leads to losses. Common advice includes keeping risk to ≤1-2% per trade, scaling in only when price confirms the idea, and cutting losers quickly 61213.
• Strategies: Dollar-cost averaging for spot positions and using longer-dated options to allow trades time to materialize are also recommended 2.

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Mindset, Planning & Time Efficiency

• Efficiency Tips: Maintain a short watch-list, journal every trade, and recognize that a few successful trades usually generate most of the profits (Pareto principle) 479.
• Trader Mindset: New traders should approach trading like a business by defining entry, exit, stop points, and reviewing 30 completed trades before increasing trade size 1617.

Leveraging Social & Wallet Data

• Wallet Tracking: Forums suggest following the strategies of experienced investors or KOLs but advise that trades should align with your setups before entry 152122.
• Twitter Narratives: Staying updated with Twitter can help identify early-stage coins, but over-trading each recommendation is discouraged. Patience and selective execution are key 41819.