If you want to trade on Binance, here is a simple yet effective strategy for beginners:
Strategy: Scalping with Moving Averages
Scalping is a fast trading strategy where small profits are sought from short market movements.
Steps to execute the strategy:
1. Set up indicators on TradingView (or on Binance)
Use a 1 or 5-minute candlestick chart.
Add two exponential moving averages (EMA):
EMA 9 (fast, blue color)
EMA 21 (slow, red color)
2. Buy signals (LONG)
When the EMA 9 crosses above the EMA 21, it indicates a bullish trend.
Wait for the price to bounce off the EMA 9 to confirm the trend.
Buy and place a stop loss below the last minimum.
3. Sell signals (SHORT)
When the EMA 9 crosses below the EMA 21, it indicates a bearish trend.
Sell when the price touches the EMA 9 and begins to fall.
Place a stop loss above the last maximum.
4. Risk management
Use only 1-2% of your capital per trade.
Do not get caught in losing trades; always use stop loss.
Exit the trade when you have a 1-2% profit to avoid losing what you gained.
5. Avoid trading in sideways markets
If the EMAs are intertwined and the price has no clear direction, do not trade.
This strategy works best in cryptocurrencies with high volatility (like BTC or ETH). Do you want me to help you refine it or adapt it to a different trading style?
