here's a breakdown of a potential strategy to aim for making $100 a day through crypto trading on Binance:
📢THE STRATEGY:
👉1. Research and Identify Volatile Pairs: Focus on trading pairs that frequently experience daily fluctuations of 10-20%.
👉2. Daily Investment: Consider investing an amount you're comfortable with. For example, let's say you invest $1000 in a chosen pair.
👉3. Track Daily Movement: If your selected pair rises by 10%, that would mean a $100 gain for that day.
👉4. Repeat the Process: The goal is to aim for this 10% gain consistently across different trading days.
👉5. Rinse and Repeat: By repeating this strategy daily, the aim is to consistently achieve $100 profits per day.
However, it's important to note a few things:
👉Market Volatility: Cryptocurrency markets are highly volatile and unpredictable. Even though some pairs might have shown trends, there's no guarantee they will perform similarly in the future.
👉Risk Management: Trading involves risks. It's crucial to only invest what you can afford to lose and consider setting stop-loss orders to limit potential losses.
👉Research and Education: Continuously educate yourself about the market trends, news, and technical analysis to make informed decisions.
👉No Guarantees: There's no foolproof strategy in trading. Always be cautious, and don't invest solely based on past performance.
This strategy seems straightforward, but it requires diligence, patience, and a thorough understanding of the market. Additionally, it's important to diversify and not put all your funds into a single pair to manage risk.
Remember, success in trading cryptocurrencies comes with significant risks, and it's crucial to approach it with careful consideration and a risk management strategy in place. #BeginnerTrader #Write2Eam
THINGS TO LOOK IN ETHEREUM AFTER THE ETH PRICE BROKE ABOVE $3.2K
Things to Look in Ethereum After the ETH Price Broke Above $3.2k
After Ethereum broke above $3,000 the price appears unstoppable. In the following, we take a look at a few technical indicators that might provide some insights into why the ETH price made a new yearly high.
Key Support levels: $2,860
Key Resistance levels: $3,340
New Yearly High
The ETH rally is not stopping. The price reached over $3,200 today before a short pullback started. The key resistance at $3,340 is very close and may offer an opportunity for sellers to return. Watch closely that level as it is decisive where ETH goes next.
Momentum Indicators Remain Bullish
The bias on this price action is bullish. However, this latest yearly high did not have the same volume as in the past. If the buying volume does not increase, then sellers could take over.
Daily MACD Shows a Bearish Divergence
The price made a new high, but the daily MACD histogram made a lower high.This is called a bearish divergence and could signal that buyers are losing strength To confirm this, sellers have to stop the rally at the key resistance
同氏は、ビットコインとより広範な暗号市場には「多くの上昇の機会がある」と付け加えた。しかし、短期的な引き戻しが発生する可能性が高いと警告し、それが投資の最後の絶好の機会になる可能性があると予測している。レイガー氏はまた、この引き戻しが終われば、ビットコインは2021年以来初めて6万ドルの抵抗を突破すると主張した。 ETH の次の目標は 3,500 ドル