๐ Spot Traders: How to Earn in a Short Time Using Smart Strategies
If you're looking to grow your portfolio quickly through spot trading, the key is to combine technical signals with fundamental insights. Here's how smart traders do it:
๐ 1. Volume Is King
Watch for sudden spikes in trading volume. High volume often precedes major price moves. Use platforms like CoinMarketCap or CoinGecko to monitor 24h volume gainers.
๐ 2. Read the Chart โ Donโt Chase Pumps
Identify support and resistance zones using moving averages (MA 7, MA 25), and look for RSI between 40โ50 as a healthy entry zone. Avoid overbought entries (RSI > 70). MACD crossovers can help confirm bullish momentum.
๐ฐ 3. News Catalysts Matter
Follow regulatory developments, token launches, exchange listings, or any positive project updatesโthese often lead to fast breakouts.
๐ก 4. Plan Every Trade
Always use a clear Take Profit (TP) and Stop Loss (SL) strategy. Donโt enter blindlyโknow your risk-reward ratio.
๐จ Remember: Short-term trades need focus, discipline, and quick decision-making. Use data, not emotion.