#TradingStrategyMistakes In a pumping or bullish crypto market like the current one, day trading can be profitable, but it also comes with high risks due to volatility and sudden reversals. Here's a solid day trading strategy tailored for a pumping market:
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✅ 1. Focus on Breakout Patterns
Look for coins breaking key resistance levels with volume confirmation.
Entry: After the breakout candle closes above resistance with strong volume.
Exit: Take partial profit at 2-5% and set a trailing stop-loss.
Stop-Loss: Just below the breakout level (support zone).
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✅ 2. Scalping Quick Moves
In a pump market, scalping small moves repeatedly can be safer than holding too long.
Use 1-minute or 5-minute charts.
Look for RSI/MACD short-term signals.
Profit target: 0.5% to 1.5%
Tight stop-loss (0.3%-0.7%)
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✅ 3. Use Fibonacci Retracement on Pullbacks
Pullbacks to 0.382 or 0.618 fib levels are often good re-entry zones in an uptrend.
Enter at fib level + bullish candle confirmation.
Target: Previous high or 1.618 extension.
Stop-Loss: Below the 0.618 or swing low.
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✅ 4. News-Based Pumps
Identify coins trending on Twitter, Binance Square, CoinMarketCap, or TradingView.
Quick entry after confirmation of a bullish candle post-news.
Exit fast: news-based pumps often retrace quickly.
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✅ 5. VWAP and EMA Strategy
Use VWAP + 9 EMA or 20 EMA for intraday momentum.
Buy when price crosses above VWAP and holds with EMA support.
Exit at resistance or when it drops below VWAP again.