For this strategy, create a separate spot account than your Eagle strategy. For example, use some combination of Binance, Finandy, or OKX to have more than one. Use technical analysis or follow influencers to find great setups and then put DLI to work for you. 30-40% portfolio allocation
DLI is superb for entering a position, riding it as long as possible, and exiting at the right time, but its not perfect – we won’t hesitate to tell you that up front. This is the straight-up truth about all indicators, and if others aren’t telling you this, then you’re going to waste a lot of money finding that out the hard way.
As good as any indicator may be, it doesn’t know if you are entering a ranging market (choppy, rebalancing) - or what we all want, which is a trending market (liquidity-seeking, large moves in either direction). This is what markets do. As a result, you have to make sure the conditions are right before you enter, because we always want to find perfect trades! DLI will help you survive choppy markets, but nobody makes money or enjoys trading when charts are consolidating.
The following are typical 15 minute charts in ranging markets with DLI default settings. When the market is trying to find direction, you may get stopped out once in awhile. Results aren’t too bad, but not too great either. Do better TA to avoid these periods for better capital allocation with your time. Indicators can only help so much.
The way to make serious bank is to find good influencers on X (and/or Telegram) who take the time to research projects, are good at pattern analysis, well connected, etc. They give you the Alpha, and DLI will take it from there to let you ride the (Elliott) waves all the way up. When they hit their peak and lose steam, we'll short it all the way back down.
o Token burns
o Partnership Announcements
o Hard Forks & Upgrades
o Whale Activity
o Onchain Metrics
o New Protocols and DeFi Innovations
o New Product Launches and IDOs/ICOs
o Market Sentiment Analysis
o Major Exchange Listings
o MainNet Launches
o Regulatory Updates
o Social Media Hype
o Metaverse Adoption by Physical Brand
o Identification of Technical Patterns
o Developer Activity and Github comments
Say your favorite influencer tells you that $ABC is getting ready to make a move. He posts an amazing chart and says, “GET IN HERE NOW! We are talking about generational wealth here!”
Setup your web hooks like you did for the Eagle strategy, but this time, change your trade size (and in a different account). For the Eagle, we set the trades at 100%, which meant you were taking full advantage of the strongest of either BTC, ETH or USDT at the time – literally putting all your nest eggs in one basket. Now, for the Hyena strategy, we never want to do that.
We recommend setting 4% trades with 20 tokens. This is manageable with reasonable risk in spot, but if you want to be conservative, 2% is what many professionals advise.
Finally, set up your Long alerts in TradingView just like for the Eagle, and then add your shorts. Each time you receive another token recommendation, repeat the process and watch your profit howl!
TP1 is from the DLI table on the chart for Long Target. Multiply it by 2 and that is TP3. The average of these two values is TP2.
Based on the SLX settings on the previous tab, your position will close if the price drops back down after hitting TP1, but now you have the opportunity to make significant profit if the chart moves quickly in your favor.
1. Be sure correct pair on 15, 20 or 30 min chart
2. Set your candles to Heiken Ashi to help to enhance trend detection, reduce noise, and provide clearer signals
3. Right click on a DLI alert or the table, and select “Add alert on DLI ツ”
4. Paste webhook and URL from Finandy
5. Always should be set "Once per Bar Close"
TP1 is from the DLI table on the chart for Short Target. Multiply it by 2 and that is TP3. The average of these two values is TP2.
Based on the SLX settings on the previous tab, your position will close if the price spikes back up after hitting TP1, but now you have the opportunity to make significant profit if the chart moves quickly in your favor.
1. Be sure correct pair on 15, 20 or 30 min chart
2. Set your candles to Heiken Ashi to help to enhance trend detection, reduce noise, and provide clearer signals
3. Right click on a DLI alert or the table, and select “Add alert on DLI ツ”
4. Paste webhook and URL from Finandy
5. Always should be set "Once per Bar Close"
Copyright © 2024 degenlegion.com - All Rights Reserved. Disclaimer: The information provided is for educational purposes only and should not be construed as financial advice. Trading involves risk, and you should only trade with money you can afford to lose. Past performance is not indicative of future results. Use this indicator at your own risk.
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