I only have five thousand in capital, what suggestions do you have for entering the cryptocurrency market?
Five thousand in the crypto market is about 600 USD.
Optimal strategy recommendation: Contracts.
Use 100 USD each time to speculate on hot coins and make sure to set take profit and stop loss.
100 goes to 200, 200 turns to 400, 400 goes to 800.
Remember, a maximum of three times! Because in the crypto market, a bit of luck is needed, and each time like this is a high-stakes gamble, it’s easy to earn 9 times and lose once.
If 100 passes three rounds, then the capital will reach 1100 USD.
At this point, it's recommended to use a three-pronged strategy.
Make two types of trades a day: ultra-short trades and strategy trades. If an opportunity arises, enter trend trades with ultra-short trades for quick strikes, targeting 15-minute levels.
Advantages: High returns.
Disadvantages: High risk.
Only trade top-tier coins.
The second type of trade is strategy trades, which use small positions.
For example, use 15 USD at 10x leverage to make contracts around the four-hour level.
Save the profits and invest regularly in top-tier coins every week.
The third type is trend trades.
Medium to long-term trading, go directly when you're sure.
Advantages: More profits.
Find the right entry point and set a relatively high risk-reward ratio.
