Embrace learning in Crypto Space after that you can remove L. Today am going to give you one simple strategy to make you crazy money and its less risky. its simple: SHORT THE GAINERS AND LONG THE LOSERS ON BINANCE.
look out for top 10 GAINERS coins, and watch them to look for perfect entries to short them. And on the other hand, also look for the look for top 10 LOSERS and look for perfect entries to Long them. Sounds Sophisticated right?
No, it shouldn't, let me break it down for you using real examples for today.
The pictures below show you the gainers and losers for today. Lets pick 2 sample coins from list of Gainers. lets go Sui/usdt
Here is one of nugget of wisdom to pick: I KNOW WHAT YOU HAVE READ IN TRADING BOOKS, ONLY LOOK FOR HIGH TIME FRAME IGNORE THE LOWER TIME FRAMES BECAUSE THATS NOISE. But watch me closely as i prove to you that's wrong theory The fact is you analyze starting with the higher time frame(daily and 4hrs) to look for general trend of the market BUT USE THE LOWER TIME FRAMES(1 HR, AND 15MINS) FOR PERFECT ENTRIES. NOTE THAT DOWN. Lets analyze sui to the detail. Start with the DAILY TIME FRAME BELOW;
On the daily. Its clear that Sui is in uptrend, it went for rally and its on the upper side of the bollinger band. This means that its over bought, people are looking for selling it. Also, when a coin goes away from the trend line it has to come back to the trend line for correction(retracement). Looking at RSI which is 70. all in all it has to retrace back. This is the same with 4hr and 1hr charts below. If you want to enter for a position you would have to go for 15mins to look for perfect entry. On 15 mins, we see that Sui is in ascending triangle which can break either on the upper side or lower side. Also its in some form of head and shoulder. where the lower line below is the neckline. we have to wait for break of this neckline for confirmation then we enter for short position. You can also look at the five-minute chart. It speaks the same. So after unveiling all those details we wait for the breakout on either side.
