Predicting the short-term growth of cryptocurrency requires a strategic approach and quick decision-making. In this guide with 😊, we will look at an effective spot trading method that is ideal for scalping. By following these 📈 steps, you will be able to maximize your chances of success and minimize your risks.
🔄 Step 1: Choose the right cryptocurrency
Open the Binance platform and go to the 'Markets' section.
Divide your capital into four equal parts.
Change the time interval to 1 hour and sort cryptocurrencies by growth rates.
Review the performance of the leading cryptocurrency on a 5-minute chart to determine its momentum.
Skip cryptocurrencies that show a downward trend or sharp spikes followed by significant drops. Instead, focus on those that consistently grow by 4–6% over the past hour.
💹 Step 2: Manage your investments strategically
Invest the first part of your capital in the chosen cryptocurrency as soon as you confirm its upward trend.
If the cryptocurrency price drops by 1.5%, allocate the second part of your capital.
If the price drops another 1.5%, use the third part.
Once the price recovers and reaches your average purchase price, exit the trade to lock in profits.
For cryptocurrencies that continue to rise, set a profit target level 4–6% above your average entry price.
💡 Key points to remember
Discipline and consistency are key factors for success.
Pay close attention to trading volumes and momentum indicators.
Patience is a key element of the strategy.
🤩 Results to expect
This strategy is designed to optimize the ratio of successful trades to losing ones. Expect 6–8 profitable trades out of 10, while 2–4 trades may not yield significant profits or may lead to small losses.
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Remember that trading cryptocurrencies involves risks, and results may vary.#PUMP #USA #Russia $SOL