đHello crypto enthusiasts!
âšïž Do you want to pocket a daily profit of $70 on Binance with a balanced risk-reward strategy? Let's explore the world of Swing Trading and see how this approach can turn small moves into consistent profits.
đ Understanding Swing Trading
Swing trading focuses on capturing medium-term price changes over several days. By holding positions for several hours or days, you can take advantage of more significant price movements than scalping.
Plan to make $70 daily profit:
1. Start with $200 Capital and Leverage
- Using a deposit of $200, apply 5x leverage to optimize your trades. Although leverage can amplify profits, always be aware of its risks and manage accordingly.
2. Identify Swing Candidates
- Look for coins that are showing a steady uptrend or a clear breakout. Some technical indicators like MACD, RSI or EMA can help identify potential moves.
3. Target increase 7%
- Once you have identified a promising asset, aim for a 7% increase in price. At this rate, you will reach your goal in just a few trades per day.
4. Calculate your profit
- An investment of $200 with a 7% increase will yield a profit of $14 per trade. Aim to make five such trades to reach the target of $70 per day.
5. Stay disciplined and avoid overtrading
- Always keep your emotions in check. Stick to your plan and avoid the temptation to overtrade to protect your capital.
Build your wealth day by day
With a daily target of $70, imagine the potential as your profits compound. Stay disciplined and watch your profits grow over time.