strategyistheway

#StrategyIsTheWay
$BNB
the best way to be successful in trade is to first stick to 2to 3 coins only, don't keep switching for ever, that takes a lot of time to choose one. once i did this, i was so releaved and saved so much time just trying to decide which coin to choose
2nd tip: stick to one time frame either 15 mins ,1hr or what ever suits you ,keep it simple
i came across a very simple trading strtegy which was claimed to be very suvcessful, upto 80 percent win rate
introducing a "stupid simple" three-step trading strategy called the Box Strategy, which focuses on using the previous day's high and low to identify key trading zones.

Here's a breakdown of the strategy:

Step 1: Drawing the Box
Identify the previous day's high and previous day's low on your chart .
Connect these two points to form a "box" .
The top of the box (previous day's high) typically represents a zone with the largest amount of sellers and most committed sellers.
The bottom of the box (previous day's low) represents a zone with the largest amount of buyers and most committed buyers .

Rules of the Strategy
Do not buy at the top of the box . This is where institutional sellers are likely offloading positions .mostly big gren candles mislead people to go for buying but the box recomende it must reverse
Do not sell at the bottom of the box . This is where institutional buyers are likely accumulating positions .again whethe the big red candles mislead you, stick to stretegy
Buy at the low of the box and sell at the high of the box . This means trading against the initial momentum at these key zones, looking for reversals.
Do not trade in the middle of the box . This area is considered "noise" with low-quality setups.

Step 2: Confirmation + Trade Example
Wait for the price to test either the top or bottom of the box .
Look for a "John Wick confirmation candle" (a candlestick with a long wick on the top for a short entry, or on the bottom for a long entry, indicating rejection) to confirm the entry .
The entry happens as the price moves below the low of the confirmation candle for a short, or above the high for a long.

Step 3: Managing Stops
Place your stop-loss slightly above the high of the entry candle for a short, or slightly below for a long . Avoid tight stop-losses at these zones as price might briefly extend to gather liquidity.
You can trail your stop-loss or set a take-profit order.
Move your stop-loss to break-even once the trade moves in your favor .