Example of a buy-sell strategy (Trading with limit on Binance Lite) For this short-term strategy:
Buy with limit at an identified support level. Set a limit buy order to acquire the cryptocurrency when it is at a low price. Automatic selling on rise: Set a sell order at a resistance level or at the target price you define (for example, a 5-10% profit).
Set a stop-loss Define a loss limit, for example, 5-8% below your purchase price, to protect yourself in case the market moves against you.
I am making short purchases with $WLD $PEPE Remember that trading has risks, and even if you follow a good strategy, you may face losses. Maintain discipline, do not trade under emotion, and adjust your decisions according to market performance.
Hello everyone! Let me share a bit about my experience: a few months ago I started with 20 USD on Binance Lite, using the limit buy and sell option to secure progressive gains. I have been gradually increasing and now I am at 409 USD. My goal is to reach 2000 USD so I can make larger and more profitable transactions, although I know it is a slow path and patience is needed.
For those who are just starting in trading, I recommend watching many videos and not letting anxiety take over. This process is slow and requires caution. In my case, I reached 280 WLD and if I had sold them at the right moment, I would have made over 670 USD. Sometimes you win a lot and other times, less; the important thing is to avoid large losses.
What do the experts here think? Do you recommend taking a bit more risk or is it better to be cautious? $WLD
Commenting a little on my experience, I've been doing this for a short time, but I hope it helps newbies.
I've been growing my USDT funds progressively, starting with just 20 USDT and managing to accumulate 389 USDT so far. My strategy has been to invest in tokens like PEPE and WLD, taking advantage of moments when the market is down. Every time I detect a drop in prices, I make a strategic purchase. Then, I wait for the price to go up, which has generated good results: in my last transaction, I made 40 USDT in profit, bringing my balance to 389 USDT.
At first, growth was slow, but I remained patient and focused on the strategy. I've learned that when the market goes down, sometimes all you have to do is wait for prices to go up again so as not to take losses. In these cases, I try to minimize the potential loss and wait for new opportunities to buy. The key has been to keep an eye on market behavior, looking for new drops that allow me to make purchases at low prices and secure profits on increases.