Simplified Trading Strategy
Here is a simplified trading strategy for the Binance platform, suitable for beginners while maintaining risk management:
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Strategy: Trading using Exponential Moving Averages (EMA)
Required Tools:
Binance platform (preferably via the "Binance Pro" app).
Two EMA indicators (Exponential Moving Averages):
EMA 9
EMA 21
Time Frame: 5 minutes or 15 minutes.
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Entry Conditions for the Trade (Buy):
1. EMA 9 crosses above EMA 21 (bullish signal).
2. The price closes above both indicators.
3. Confirmation from the next bullish candle.
4. High trading volume or increase in volume.
Exit Conditions or Sell:
Achieving a profit of 1% to 2%.
Or EMA 9 crosses below EMA 21.
Or a strong reversal candle (like a Doji or a long bearish candle).
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Stop Loss:
1% to 1.5% maximum of capital in the trade.
Below the last local low of the price (Support).
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Important Tips:
Do not enter during strong news or high market volatility.
Do not open more than one trade at the same time as a beginner.
Only use 1% to 3% of your capital in each trade.
