In the ever-changing cryptocurrency world, knowing in advance which coin will rise in the next 15 minutes to an hour is undoubtedly the key to wealth. Today, I will share with you a set of practical strategies designed for spot trading, especially for players who are keen on scalping (super-fast trading). However, if you want to profit from it, you must proceed step by step and strictly follow the operating procedures. Any negligence may cause you to miss out on profits or even suffer losses, so please be alert and strictly abide by the rules.
I. Step 1: Accurately Identify Potential Currencies
Open the Binance platform and skillfully navigate to the market section. This is like a mine filled with countless treasures waiting for us to excavate.
Divide your total investment funds into three equal parts, as this is the key layout for subsequent operations. Then, set the market time range to 1 hour, and use the dropdown menu to sort by percentage increase from high to low. This step is like sifting out the most striking ores in a mine, initially locking in those currencies with explosive potential.
At this point, focus on the currencies with the highest increases, immediately switch to a 5-minute time frame, and conduct a detailed analysis of their price trends. This is equivalent to picking up a magnifying glass to closely examine the texture of the ores and assess their value.
If the price of that currency quickly falls after a spike, don't hesitate to skip it; it is highly likely not the 'potential stock' we are looking for at this moment.
If you find that its price is steadily rising and has accumulated an increase of 3-5% in the past hour, congratulations, you may have captured an excellent buying opportunity.
If the currency with the highest increase does not meet the ideal conditions mentioned above, don't be discouraged; simply repeat the above steps for the second highest increase currency until you find your preferred choice.
II. Step 2: Smart Investment, Control Risks
Once you have painstakingly found a potential currency that meets the criteria, take decisive action and first place an order using the first part of your total funds. This is the first step on your path to profitability, so be bold.
During the trading process, if you unfortunately encounter a price drop of 2%, don’t panic. According to the established strategy, quickly activate the second part of your funds to buy again and average down the cost. It’s like steadying the helm of a ship in a storm, adjusting your course.
If the price continues to drop and falls another 2%, now is the time to stay calm and invest the third part of your funds. This is a do-or-die situation, but it is also a crucial step to reverse the situation.
In this complex and ever-changing situation, never just wait for a profit target of 3-5% to appear. Instead, always keep a close eye on the market, and once the price rebounds to near your average entry point, decisively exit the trade, cut losses in time, and avoid falling into a deeper loss pit.
For those currencies that move as expected and soar, set your take profit (T.P.) precisely at 3-5%. This is the harvest moment; seize the opportunity to secure your gains.
III. Final Tips
The essence of this strategy lies in strict execution; every step and every detail should not be underestimated. Only by meticulously following can its maximum power be unleashed.
Practical experience shows that by using this strategy, you can generally expect to profit from 5 to 7 trades out of 10, while another 3 to 5 trades can basically maintain a break-even state. This is already quite a considerable achievement in the ever-changing cryptocurrency market.
In summary, by rigorously following the rules, supplemented by detailed currency analysis, you can make your trading journey more stable and predictable, steadily advancing towards the shores of success.
If you think this valuable information helps you in your cryptocurrency battles, then give this post a thumbs up! Let more friends share this guide and ride the waves together in the crypto world.
