âšïž Interested in pocketing a daily profit of $70 on Binance with a strategy that balances risk and reward? Letâs dive into the world of **Swing Trading** and see how this approach can turn small moves into consistent gains.
đ **Understanding Swing Trading**
Swing trading focuses on capturing medium-term price shifts over several days. By holding positions for a few hours or days, you can capitalize on more substantial price movements compared to scalping.
**The Plan for $70 Daily Gains:**
1. **Start with a $200 Capital & Leverage**
- Using a $200 margin, apply 5x leverage to optimize your trades. While leverage can amplify profits, always be mindful of its risks and manage accordingly.
2. **Spot the Swing Candidates**
- Look for coins with stable uptrends or clear breakouts. A few technical indicators like MACD, RSI, or EMA crossovers can help identify potential swings.
3. **Target a 7% Upswing**
- Once you've identified a promising asset, aim for a 7% price increase. At this rate, youâll achieve your target within a few trades each day.
4. **Calculate Your Profit**
- A $200 investment with a 7% increase results in $14 profit per trade. Aim for five such trades to reach your $70 goal daily.
5. **Stay Disciplined and Avoid Overtrading**
- Always keep emotions in check. Stick to your plan and avoid the temptation to overtrade to safeguard your capital.
**Build Your Wealth One Day at a Time**
With a daily target of $70, imagine the potential as your gains accumulate. Stay disciplined, and watch your profits grow over time.