đHereâs a concise guide that can potentially help you achieve significant returns:
Spot Trading Strategy...âïž
1. Market Cap: Ensure the coin/token has a limited market cap. This typically indicates room for growth.
2. Current Market Price (CMP): The CMP should be at or near the bottom, as seen on a one-week chart. This implies potential for upward movement.
3.Market Movement: The market should have shown a minimum of 100% bullish movement from the past. Historical data can be a strong indicator of future performance.
4.Project Strength: Investing in a strong project can provide additional security and potential for growth.
Investment Guideline
1.Investment Horizon: Invest and wait at least two weeks before reassessing your position. This allows time for the market to move in your favor.
2.Take Profit (TP) and Trailing Stop Orders**: Set a TP level near the nearest resistance level and use a 1-2% trailing stop order. This helps secure profits while minimizing risk.
3.Avoid Hourly Checks: Constant monitoring can lead to impulsive decisions and potentially lower profits. Trust your strategy and let it play out over time.
Alternative Option
Futures Trading: If you find spot trading challenging, consider futures trading for potentially quicker returns.
Note: This guide is simplified for easy understanding and general application. Specific strategies may vary based on the individual project's value and market conditions.
By following these guidelines, you can increase your chances of achieving significant returns on Binance.
