To earn $500 daily on Binance, focus on:
1. High-probability candlestick patterns: Bullish Double Bottom, Bullish Inverted Head & Shoulders, and Bullish Falling Wedge.
2. Confirmation tools: Volume spikes, RSI divergence, and break and retest.
3. Risk management: Risk only 1-2% of your account per trade.
4. Position sizing: Determine how much capital you need to reach $500 daily.
Example Trade:
- Identify a Bullish Falling Wedge
- Wait for a breakout
- Enter with a stop loss below the swing low
- Take partial profits at the nearest resistance level
Avoid common mistakes:
- Trading without a stop loss
- Entering too early
- Overtrading
By following these steps and maintaining discipline, you can potentially earn $500 daily on Binance.