According to Miles Deutscher, traders should create two watchlists: a prospective one for potential setups and an active one for setups currently triggering or about to trigger. He emphasizes the importance of setting alerts for key high-timeframe (HTF) levels to effectively monitor and react to market changes in cryptocurrency trading.

According to Miles Deutscher, setting alerts on TradingView at high-timeframe (HTF) levels can help crypto traders avoid significant losses. Deutscher emphasizes that awareness of market movements is crucial for successful trading. He suggests that a simple system of setting alerts and being responsive to market changes is more effective than complex trading strategies (source: Miles Deutscher on Twitter).