$BNB $ETH $BTTC How to Make $100 a Day in Spot Trading: A Simple Guide
Consistency is key in spot trading! Hereâs a straightforward approach to reach your daily $100 target:
1. Choose Liquid Pairs: Focus on high-volume pairs like $BTC, $ETH , or $BNB . Liquidity ensures smooth trades without major price slippage.
2. Start Small, Scale Gradually: With $500-$1000 capital, aim for quick trades on small price movements (0.5%-2%). This means you only need a few successful trades to hit your daily target.
3. Set Realistic Targets: Use a strategy like scalping or range trading, where you capitalize on small price fluctuations throughout the day.
4. Master Stop-Loss & Take-Profit: Never let emotions rule your trades. Pre-set your stop-loss and take-profit levels to secure profits and minimize risks.
5. Stay Updated: News and market sentiment move prices. Follow crypto news and understand market cycles to time your trades better.
6. Risk Management: Only risk 1-2% of your capital per trade. This will keep you in the game even if a trade goes south.
Remember, itâs not about rushing but about consistency and smart decision-making!
$SAGA is near to break it's Strong resistance at 1.4321 and if it's break this it will move up more
$SAGA /USDT is currently trading at $1.4260, showing a significant 14.49% increase.
The 24-hour high is $1.4490, and the low is $1.2380, with trading volumes of 20.00 million SAGA and 26.77 million USDT.
Given this bullish trend, investors should consider long positions near the support level of $1.2380, targeting a rise towards $1.4490 or higher. For short trades, an entry point near the resistance level of $1.5100 could be strategic, aiming for a retracement towards $1.4260.
Monitoring the depth on Binance, especially around $1.2058, can provide additional insights for optimizing trade entries.
(Monday 08 July 2024, 07:18 AM GMT): Binance, a leading name in cryptocurrency exchanges, has announced its decision to delist four tokens from its platform. The affected tokens are BarnBridge (BOND), Dock (DOCK), Mdex (MDX), and Polkastarter (POLS). Trading for these tokens will cease at 11:00 AM Eastern Time on July 22, 2024.