Today I want to share a little experience in conducting trading operations on Binance. As a beginner trader, I tried to take advantage of the spot trading feature with a small capital to understand market movements. The pair I chose is BTC/USDT, because it has high volume and liquidity.
The strategy I used is simple, which is buy on dip. When the price drops to the daily support area, I start to enter with a small portion. After that, I add to the position when the price shows signs of reversal. The profit target I set is around 2–3% of the capital, with a stop loss to limit losses.