This trading strategy focuses on short-term price movements and could be useful for scalpers looking to make quick profits within 15 minutes to an hour. Here's a summary of the key points:
1. Coin Selection:
Go to Binance's Market section and sort by Top Gainers on the 1-hour chart.
Check the top gainer and switch to a 5-minute time frame to assess its current trend.
Look for coins that have increased by 3-5% in the last hour and are showing an upward trend, not those that are dropping.
2. Investment Strategy:
Split your total capital into three equal parts.
Enter the trade with the first part of your funds. If the price drops by 2%, buy more with the second part. If it drops another 2%, invest the third part.
Always monitor the price and aim for a 3-5% profit. Exit at the average entry price if the price starts dropping.
3. Profit Expectations:
This strategy could provide successful trades about 50-70% of the time, with some trades either breakeven or slightly unprofitable.
Remember, this strategy requires strict adherence to avoid losses and increase the likelihood of profitable trades.
Please note that cryptocurrency trading is volatile, and using any method carries risk. Always ensure you're trading with caution and investing only what you can afford to lose.