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💭 How to choose the right currency for day trading?
📌 Choosing the currency is the first smart step in any successful trade. Don't trade randomly!
1. Choose currencies with high liquidity:
Such as: $ETH , $BTC , $SOL .
The higher the liquidity, the less slippage and the quicker your orders are executed.
2. Monitor daily trading volume:
Choose currencies with increasing daily volume.
High volume = high interest = more opportunities for price movement.
3. Avoid stagnant currencies:
Currencies that move within a very narrow range or lack sufficient trading volume are not suitable for day trading.
4. Follow news and trends:
Some currencies move strongly on news. Check the Binance feed or CoinMarketCal.
🎁 Professional Tip:
Use the currency filter on the Binance platform and choose currencies that:
📌 Increased by more than 5% in 24 hours
📌 Or recorded a sudden large trading volume
#CryptoScanner #AltcoinDaily #BinanceStrategies #StablecoinPayments #TradingSmart
🎁 Next Lesson:
How to use moving average crossover signals to make entry decisions?
❤️ Follow me so you don't miss out and leave a positive impact ❤️
📌 Choosing the currency is the first smart step in any successful trade. Don't trade randomly!
1. Choose currencies with high liquidity:
Such as: $ETH , $BTC , $SOL .
The higher the liquidity, the less slippage and the quicker your orders are executed.
2. Monitor daily trading volume:
Choose currencies with increasing daily volume.
High volume = high interest = more opportunities for price movement.
3. Avoid stagnant currencies:
Currencies that move within a very narrow range or lack sufficient trading volume are not suitable for day trading.
4. Follow news and trends:
Some currencies move strongly on news. Check the Binance feed or CoinMarketCal.
🎁 Professional Tip:
Use the currency filter on the Binance platform and choose currencies that:
📌 Increased by more than 5% in 24 hours
📌 Or recorded a sudden large trading volume
#CryptoScanner #AltcoinDaily #BinanceStrategies #StablecoinPayments #TradingSmart
🎁 Next Lesson:
How to use moving average crossover signals to make entry decisions?
❤️ Follow me so you don't miss out and leave a positive impact ❤️
💭 How do you determine the overall trend of a currency before opening any position?
📌 A successful trader does not enter the market without knowing the overall trend. Here is a simplified way to determine it:
1. Start with the larger timeframe (4H or Daily):
Look at the bigger picture. Is the price making higher highs and higher lows? This means it's an upward trend.
Is it making lower highs and lower lows? This means it's a downward trend.
$SOL
2. Use moving averages (like MA 50 and MA 200):
If the price is above both moving averages = the trend is upward.
If it is below them = the trend is downward.
3. Use a trendline:
Draw a line connecting the lows or highs. Breaking or respecting it confirms the trend.
4. Don't forget about trading volume:
Strong trend = high volume supporting it.
Why is this important?
Because when you trade with the trend, you increase your chances of profit and decrease your chances of loss.
#Trump100Days
#SmartTrading
#CryptoEducation💡🚀 #priceaction
🎁 Next lesson:
How to choose the right currency for day trading?
❤️ Follow me and leave a good impact ❤️
📌 A successful trader does not enter the market without knowing the overall trend. Here is a simplified way to determine it:
1. Start with the larger timeframe (4H or Daily):
Look at the bigger picture. Is the price making higher highs and higher lows? This means it's an upward trend.
Is it making lower highs and lower lows? This means it's a downward trend.
$SOL
2. Use moving averages (like MA 50 and MA 200):
If the price is above both moving averages = the trend is upward.
If it is below them = the trend is downward.
3. Use a trendline:
Draw a line connecting the lows or highs. Breaking or respecting it confirms the trend.
4. Don't forget about trading volume:
Strong trend = high volume supporting it.
Why is this important?
Because when you trade with the trend, you increase your chances of profit and decrease your chances of loss.
#Trump100Days
#SmartTrading
#CryptoEducation💡🚀 #priceaction
🎁 Next lesson:
How to choose the right currency for day trading?
❤️ Follow me and leave a good impact ❤️
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