If you're aiming for short-term gains in the crypto market, particularly through spot trading and scalping, this guide is for you. By following these precise steps, you can identify coins likely to rise within 15 minutes to an hour. Remember, success lies in strict adherence to the method. Skipping steps can result in losses, so stay disciplined
Step 1: Spotting the Right Opportunity๐๐ฅ
Start by opening Binance and heading to the Markets tab. Split your total capital into three equal portions for strategic entries. Set the market view to a 1-hour time frame and sort coins by Top Gainers.
Focus on the top performer and switch to a 5-minute time frame for a closer look. If the price shows a downward trend after a recent high, avoid the coin. However, if it has gained 3-5% in the last hour and the upward momentum continues, it could be a strong candidate for entry. If the leading gainer doesnโt fit, move to the second-highest gainer and repeat the evaluation process.
Step 2: Strategic Entry and Exit Points๐จ๐
Once youโve identified a suitable coin, invest the first portion of your funds. If the price drops by 2%, deploy the second portion. If it falls by another 2%, use the final part. In this case, aim to exit at your break-even point to minimize potential losses.
If the coin performs as expected and continues rising, set your take-profit (T.P.) target at 3-5%. This ensures you lock in profits without overexposing yourself to market fluctuations. Stick to these rules to stay consistent and reduce risk.
Final Recommendations๐ฏ๐
By meticulously following this approach, you can anticipate 5-7 winning trades out of 10, with the remaining trades likely breaking even. To improve your chances further:
1. Stay updated: Monitor reliable cryptocurrency news, influencer insights, and social media for market trends.
2. Use technical tools: Employ indicators like RSI, MACD, and Bollinger Bands for additional confirmation of price movements.
This method demands patience and precision but offers predictability and a higher success rate for traders who stick to the system.
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