#DayTradingStrategy
A guide for a day trading strategy on Binance:
Choose Liquid Pairs: Focus on high-volume coins like BTC/USDT or ETH/USDT for tight spreads.
Use Short Timeframes: Trade on 5m, 15m, or 1h charts for intraday opportunities.
Identify Trend: Use EMAs or trendlines to determine bullish or bearish conditions.
Watch Indicators: Combine RSI, MACD, and volume spikes for precise entries.
Set Stop-Losses: Always define risk per trade, e.g. 1-2% of capital.
Take Profits Quickly: Crypto is volatile—secure gains at key resistance/support levels.
Avoid Overtrading: Stick to high-quality setups rather than frequent trades.
Check News: Crypto reacts fast to news; avoid trading during major announcements.
Track Fees: Binance fees impact frequent trades; consider VIP discounts.
Maintain a Journal: Record trades to refine strategy and discipline.