😎Bored? Unorthodox Trading strategy

⭐Initial Position:
👉Buy Spot BTC worth $100 at $61,000.
👉Short BTC worth $100 at $61,000.(1x)
👉Set a stop-loss at $62,000 for Short position.
👉Set a limit sell order at $62,000 for the spot BTC.

⭐If Stop-Loss is Triggered:
👉When the market hits your stop-loss at $62,000, your spot BTC will be sold, ensuring no losses are accrued.
👉Repeat the process until the market moves in your favor.

⭐If Market Moves in Your Favor:
👉For instance, short BTC at $62,000.
👉Set a stop-loss at $63,000.
👉Buy Spot BTC worth $100 at $62,000.
👉Set a limit sell order at $63,000 for the spot BTC.

⭐If the BTC price decreases by $500:
👉Change the stop-loss to $62,300 (Capture the$200 profit).
👉Sell the spot BTC and ride the downtrend.
👉Adjust your stop-loss (profit) accordingly for each move.

👍How to use the Binance chart for trend following

👉Buy-Long/Take Profit = Green Candles
👉Sell-Short/Size-up signal = Red Candles
🔥As a new trader, you need to be aware of using the Binance app functionality for buying or selling. Use the image as a reference and change the chart color here:
👉Settings -> Color Preference -> Price Change Color