Scalping is a fast-paced trading strategy aiming to profit from small price changes.
Here are some tips based on my experience:
1️⃣ Market Research
Stay updated on market news, events, and trends affecting your chosen cryptocurrencies. In scalping, timing is crucial. follow me you will get crypto updates daily.
2️⃣ Real-Time Analysis
Use real-time charts, indicators, and order book data for quick decision-making. Technical analysis is your key also we started my technical analysis course on Binance feed see our previous post.
3️⃣ Keep an Eye on Volume
Volume indicates market interest. Higher volume often means more liquidity and potentially better scalp opportunities.
4️⃣ Set Clear Goals
Determine your profit and loss targets before each trade. Stick to your plan and avoid greed.
5️⃣ Risk Management
Limit your risk on each trade, typically 1-2% of your trading capital. Protect your funds from substantial losses.
6️⃣ Use Stop-Loss Orders
Always set stop-loss orders to minimize losses if the trade goes against your prediction.
7️⃣ Trade Liquid Pairs
Choose cryptocurrencies with higher liquidity to ensure ease of entry and exit.
8️⃣ Practice Patience
Wait for the right entry points; scalping doesn't mean impulsive trading. Be patient for the right opportunity.
9️⃣ Discipline and Consistency
Follow your strategy rigorously and maintain discipline. Avoid emotional trading.
🚀 Keep learning, stay updated, and practice regularly! Best of luck!
$36 Million Worth of XRP at Risk: What's Happening?
XRP, the native token of Ripple Labs, has been struggling in recent days, with market uncertainty putting $35.96 million worth of XRP at risk of liquidation. Data from Coinglass sheds light on the situation and what traders should expect next.
Key Liquidation Levels Lower Level: $2.231 – Risk of $35.97M in long positions being liquidated.Upper Level: $2.36 – Potential $67.63M in short positions at stake. At these levels, traders are highly leveraged, making the token more vulnerable to sudden p
The recent wildfires in Los Angeles have had several notable impacts on the cryptocurrency community: Loss of Personal Crypto Assets Tragically, some residents have lost access to their cryptocurrency holdings due to the destruction of hardware wallets and private keys. For instance, a 70-year-old woman lost her crypto savings when her home was destroyed, and her private key was lost without a backup.
Threats to Crypto Companies The wildfires have also endangered cryptocurrency businesses oper
As January 20, 2025, approaches, many wonder if Trump’s potential return to the White House could spark a new crypto bull run.
During Trump’s presidency, pro-business policies fueled market optimism, with stocks hitting record highs and crypto gaining traction. While Trump criticized Bitcoin, his administration's deregulation focused indirectly supported crypto growth.
BTC Liquidation Levels: What Traders Should Know
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BTC Liquidation Levels: What Traders Should Know
Recent analysis reveals a high number of long positions liquidated at the $93,000 price level, marking a critical point in the market. Here’s what it means for traders:
Key Insights: The $93,000 level saw heavy liquidations, driven by highly leveraged positions on exchanges like Binance, Bybit, and OKEx. This price point triggered increased volatility, causing sudden and sharp market movements. Tips for Traders: