Discovering coins that may experience a price surge can be challenging, but with the right strategy, you can increase your chances of success. This approach is designed for spot trading and works best for scalping (quick trades).
Step 1: Identify the Right Coin
1. Open Binance and navigate to the Markets section.
2. Divide your investment into three equal parts.
3. Set the market to a 1-hour time frame and sort coins by Top Gainers.
4. Analyze the top gainer's trend on a 5-minute time frame.
5. Consider buying if the price is rising with a 3-5% increase in the last hour.
Step 2: Investing Wisely
1. Invest the first part of your funds in the chosen coin.
2. If the price drops 2%, invest the second part.
3. If it falls another 2%, invest the third part.
4. Exit the trade at your average entry point to minimize losses.
5. Set your take profit (T.P.) at 3-5% for a rising coin.
Final Tips
1. Discipline and strict adherence to the strategy are crucial.
2. Expect 5-7 profitable trades out of 10.
3. Analyze coins carefully to make more predictable and successful trades.
