With only five thousand in capital, what suggestions do you have for entering the cryptocurrency market? Five thousand in the cryptocurrency market is about 600 USD!
Recommended optimal strategy: Contracts
Use 100 USD each time, bet on hot cryptocurrencies, and set proper take-profit and stop-loss limits.
100 turns into 200, 200 turns into 400, and 400 turns into 800.
Remember, at most three times! Because the cryptocurrency market requires a bit of luck, going all-in like this each time can easily lead to 9 wins and 1 loss!
If you successfully go through three rounds with 100, your capital will increase to 1100 USD!
At this point, I recommend using a three-pronged strategy to play.
- Do two types of trades daily: ultra-short trades and strategic trades. If an opportunity arises, then go for trend trades. Use ultra-short trades for quick attacks, at the 15-minute level.
Advantages: High returns
Disadvantages: High risk
Only trade major cryptocurrencies.
The second type of trade is the strategic trade, which uses a small position.
For example, using 15 USD with 10x leverage for contracts around the 4-hour level.
Save the profits and invest regularly in major cryptocurrencies every week.
The third type is trend trades.
For medium to long-term trading, once you see the right moment, go for it.
Advantages: More profits
Find the right entry point and set a relatively cost-effective risk-reward ratio.
If you are just entering the market, come find me, follow me, and I will teach you to learn while operating. If you are already in the market and it’s not going well, you can come to me; I will help you and ensure you won’t make the same mistakes again. If your positions are stuck, I will provide reasonable solutions based on your entry points. Because everyone gets stuck at different points, the solutions will also vary; some are suitable for conservative investors, while others are suitable for aggressive ones. I will definitely use the most appropriate methods to genuinely solve your problems and assist you in exiting.
