At a time like this most investors get confused about the right altcoin to invest in and this confusion always leaves many to wonder about what criteria to choose when deciding on the right coin to buy for a long-term base. Should utility alone be a major factor in determining a good altcoin and being speculative in the price?
My criteria to choose coin for investing of trading is as follows:
1- One of top 20 coins listed on coinmarketcap or any new project like STEPN ( GMT ) and I take part on Binance launchpad.
2- I trust technical Indicators like RSI and MACD and take exit and entry based on signals generated on weekly charts.
3- I use Money/rsk management tools to avoid total loss of capital.
DYOR