Just three steps to master the core trading logic, and your account has the opportunity to multiply by 10 times.
Many people feel that trading is always chaotic, difficult, and reliant on luck. In fact, mastering a clear set of ideas can yield twice the result with half the effort. Today, I will share a three-step trading method that I have repeatedly verified in practice, suitable for mainstream cryptocurrencies like BTC and ETH, and can be flexibly applied in Binance spot or futures trading.
Step 1: Look at the trend. The trend determines the direction, and the long-term cycle determines the high probability. Use the 4-hour chart, daily chart, or weekly chart to view the market and judge whether the current market is upward, downward, or sideways. In an upward market, only consider going long; in a downward market, only consider going short; in a sideways market, mainly observe. You can use Binance's advanced candlestick chart along with moving averages, MACD, and other tools to assist in determining the trend.
Step 2: Find key levels. The market will not rise straight up to the sky, nor will it fall directly through the earth; it advances like a bouncing ball, fluctuating up and down. What we need to do is catch the position where it jumps in and exit before it lands. These stepping points are the key levels, mainly support and resistance levels. In practice, you can find these key points by drawing previous highs and lows, Fibonacci retracements, and dense moving average areas.
Step 3: Look for signals. Once you have determined the trend correctly and found the key levels, don’t rush to enter the market. At this point, switch to the 15-minute to 1-hour chart to look for entry signals, such as candlestick patterns, increased volume, golden cross of moving averages, and breakout retests, etc. Everyone has different suitable strategies, mastering one or two will be sufficient.
Additionally, a complete trading strategy should include these eight aspects:
What to trade
Going long or going short
When to enter
How much to buy
How much loss to cut
How much profit to take
What to do in case of a spike
How to review or adjust positions after exiting
Trading is not that mysterious; with logic, planning, and discipline, you have already surpassed most people.
In the morning, a small ambush on SOL, exiting at 160% profit, and today I will open a few more positions. Don't miss out if you want to recoup losses and make profits.
