Want to make $10 to $100 ???
Scalping is a short-term trading strategy that aims to make frequent small profits from small price movements each day. It is a popular trading strategy in the cryptocurrency market due to its highly volatile nature
Here are some tips to help you build a strong crypto trading foundation:
Choose the right cryptocurrency: Scalping requires high volatility of the chosen currency pair. Significant movements in price facilitate generating profits, though scalpers more often utilize short-term bursts of volatility .
Use a short time frame: The best time frame for scalping should range between 5- to 30-minute charts. The smaller the time frame, the greater the number of possible trade setups
Fix a stop loss and take profit in advance: Always fix a stop loss and take profit in advance to minimize losses and maximize profits
Study the market: To profit from an exchange, traders need to track the market movements to open and close the positions in time
Consider automated trading: An automated trading system implies that scalpers create a unique program to support their defined strategies. This program is designed to mitigate risks and perform the trades while traders are away from their desks
I hope these tips help you get started with your crypto scalp trading strategy!
This is not a financial advice plz do your own research
