How to spot tokens that may surge in the next 15 to 20 minutes
Want to make a quick buck on Binance and see which tokens will surge in the next 15 to 20 minutes?
Here’s a simple scalping guide to help you figure it out!
First, you have to pick a token that may surge. How to do it?
Open Binance and look at the spot trading side, these are suitable for short-term speculation. Divide your money into three parts, so that if something goes wrong, you can still have some backup. Find the tokens that have risen the fastest in the last hour. They are hot now. Follow everyone to buy, there are more opportunities.
Take a look at the 5-minute chart to see if the token is rising steadily. Don’t pick a half-dead one. Find one that has risen by 3-5% and looks like it has a strong momentum, then it’s it!
Next, it’s how to buy it.
Take a third of your money to test the water first, don’t go all in at the beginning. If the token drops a little, for example, 2%, don't worry, take another one-third of the money to buy it, so that your average purchase price is lower, and you will make money when it rebounds.
If it continues to fall, and drops another 2%, then use all the remaining money. In this way, even if it finally rises a little bit, you can still make some money. Once it rises to your average purchase price, or exceeds it a little bit, sell it quickly! Don't be greedy, withdraw after a small profit, and wait for the next opportunity.
Scalping trading is about speed and stability. You have to have a plan, and then strictly implement it, don't mess it up.
Remember, trading is risky, and you need to be cautious when entering the market. Don't think about making a lot of money all at once, take your time, and small profits are also profits.
There will be more tips for making money waiting for you in the future! Come on, conquer Binance!
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