I am used to the simple strategy that is spreading money to new listed coins or coins that have the potential to skyrocket someday, usually I need about 2 hours to determine whether the project is convincing or not, if convincing then I immediately invest and the opportunity for big profit It is easier for us to get if investing on low cap, it is more profitable if we have $ 5000 we buy for 100 low cap than just buying a top rank.
Your strategy may be effective in the bull market, but it can also be a gamble. It would be risky to make a definite decision about a project once a new coin is listed on the market.
And in the current situation of the market, buying any new coin is definitely a big risk. So you have to understand that not all strategies work in all types of market situations.