Introduction:

The cryptocurrency market is experiencing sharp fluctuations during this period, creating significant opportunities for day traders (Scalpers) seeking quick profits in short periods. In this article, the National Company for Trade and Investment offers you a set of golden tips, supported by an analytical overview of the current market situation, to help you make smarter trading decisions.

Golden Tips for Day Trading (Scalping):

  2. Commit to Risk Management:

    Do not risk more than 1-2% of your capital on each trade. Day trading is fast and full of volatility, and a single loss without discipline could take you out of the market.

    Use Small Time Frames (1m–5m):

    Target quick movements. Indicators like RSI and MACD on these frames can be very effective in determining entry and exit points.

    Monitor News and Economic Calendar:
    Data such as U.S. interest rate decisions or sudden Bitcoin movements can affect the entire market within minutes.

    Work with a Clear Plan (Clear Setup):

    Do not enter the market based on emotion or luck. Use proven strategies like: breaking resistance + confirmation with high trading volume.

    Do Not Chase the Trade:

    If you missed the opportunity, wait for the next one. The market always provides new opportunities, but haste is the number one enemy of scalping.

  3. Day trading is an art that requires commitment and a clear strategy. Do not let emotion control your decisions, and always stay informed about the general market trend. Follow us daily on the Binance Feed

  4. #BinanceAlphaAlert