If you are looking for currencies that might increase in value in the next 15 minutes to 1 hour, this strategy may help. It is designed for spot trading and works best for scalping (quick trading). To make a profit, you must follow the steps carefully. Skipping steps can lead to losses, so be cautious and adhere to the rules.
Step 1: Find the right currency
Start by opening Binance and navigating to the Markets section. Divide your total investment amount into three equal parts. Set the market to a 1-hour timeframe and sort the currencies by Top Gainers using the dropdown menu.
Now, check the top gaining currency and switch to the 5-minute timeframe to analyze the trend.
If the price of the currency is falling after a high rise, skip it.
If the price is rising and has increased by 3-5% in the past hour, it could be a good buying opportunity. If the top currency does not meet these conditions, repeat the same steps with the second top-gaining currency.
Step 2: How to Invest
When you find a suitable currency, start with the first portion of money to buy. If the price drops by 2%, use the second portion to buy more. If it drops another 2%, invest the third portion.
In this situation, do not wait for a profit of 3-5%. Instead, exit the trade at your average entry point to avoid losses. For a currency that is rising as expected, set your profit target (T.P.) at 3-5%.
Final Tip
This strategy works best when followed strictly.
You can expect 5-7 profitable trades out of 10 trades, with 3-5 trades ending with no profit or loss.
By adhering to the rules and carefully analyzing the currencies, you can make your trades more predictable and successful.
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