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
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.