I have 100usdt How to do spot trading with little money?
Do you want to do spot trading with 100 usdt and you don't know how to do it? Here is a detailed guide tested by me, it will help you earn percentages and use compound interest if you like it đđ»
âą Strategy: Instead of using the $100 in a single operation, divide it into several small operations. This will help you manage risk better and give you more room to maneuver in case a trade doesn't go as expected.
âą Recommendation: You could divide your capital into 3 to 5 parts of $20 to $30 each. This will allow you to open several positions in different cryptocurrencies and not depend on a single investment.
1. Filter by Volatility on Binance
Go to the âMarketsâ section on the Binance platform.
Select the Spot market.
Use the âChange (%)â or âDay Movesâ filter to identify cryptocurrencies that have had the biggest price changes over the past 24 hours.
âą Tip: Look for cryptos that have daily swings of more than 5% or 10%, as this is a good indicator of volatility.
Use the Volume Indicator
âąGo to the advanced trading page on Binance.
Check the âGainers & Losersâ Dashboard On the Binance homepage, look for the âTop Gainersâ and âTop Losersâ dashboard.
Look at the cryptocurrencies that have had the biggest gains or falls over the past few hours.
Tip: These cryptocurrencies often show significant volatility, and depending on your strategy, you might want to look to enter on bounces or dips.
Set Up Price Alerts â Set up alerts for cryptocurrencies that have movements of more than 5-10%, so you can react quickly to changes.
Locate the overbought to sell and the oversold to buy according to technical analysis and the help of the Bolinger bands. You can use the RSI to support yourself. If you have basic knowledge of technical and fundamental analysis, you can trade and make a profit.Reinvierte
