**Practical Example**

Suppose you identify that the price of BTC is hovering around a key support level. You buy $5 worth of BTC at $28,000 and wait for it to rise to $28,560, a 2% increase. Upon selling, you've achieved your $10 target in profits after considering transaction fees.

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**Final Thoughts**

Turning $5 into $10 on Binance spot trading is possible with diligence, research, and precise execution. While the profit margin is modest, this exercise teaches you the fundamentals of trading, helping you build confidence and skills for future ventures in the cryptocurrency market.