Finding a coin that could surge in the next 15 minutes to 1 hour is no easy feat, but with a sound strategy, you can improve your odds. This guide is tailored for spot trading, particularly for scalping—a method of making quick trades to capitalize on small price changes.
### Step 1: Identify the Right Coin
1. Open Binance and go to the Markets section
- Look for Top Gainers in the 1-hour time frame.
- Sort coins by performance to spot high-momentum assets.
2. Analyze the coin’s trend in detail
- Switch to the 5-minute chart for closer monitoring.
- Skip coins with dropping prices, even if they were top gainers.
- Focus on coins showing a 3-5% rise in the last hour with upward momentum.
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### Step 2: Invest Strategically
1. Divide your investment into three equal parts:
- This ensures you're prepared to average down if the price dips.
2. Invest the first part immediately:
- Only if the coin shows clear upward movement.
3. If the price drops by 2%:
- Invest the second portion to lower your average buy price.
4. If it dips by another 2%:
- Use the third and final portion.
5. Exit at your average entry price if the trend doesn't recover
- This minimizes potential losses.
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### Set Take Profit Targets
- For a rising coin, aim for a 3-5% take profit target.
- Avoid greed—secure gains quickly to reduce risks.
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### Final Tips for Success
- Discipline is key: Stick to your strategy without exceptions.
- Expect a 70% success rate: Realistically, 5-7 out of 10 trades may be profitable, while the others could break even or result in small losses.
- Analyze trends rigorously: Avoid emotional decisions; rely on data and patterns.
By following this structured approach, you can increase your chances of making consistent, predictable profits.
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