โ Beginner-Friendly Trading Strategy: RSI + Support/Resistance (Spot Trading)
๐ง Tools Required:
Binance Spot Trading Account
Charting Tool: TradingView or Binance Advanced Chart
Indicator: RSI (Relative Strength Index)
Time Frame: 1H or 4H (ideal for part-time traders)
๐ Trading Plan Overview
๐น Strategy Name:
RSI Bounce on Support/Resistance
๐น Trading Type:
Spot (buy low, sell high) โ no leverage
๐น Target Assets:
Top 10โ20 market cap coins (e.g., BTC, ETH, SOL, BNB)
๐น Risk Per Trade:
1โ2% of your total capital
๐ง Rules-Based Strategy
1. Setup Criteria (when to consider a trade):
Choose a strong coin with good volume.
Draw horizontal support and resistance levels on the 1H or 4H chart.
Wait for RSI to drop below 30 (oversold zone) near a support level.
2. Entry Rule:
Buy when:
Price touches or slightly wicks below support, and
RSI is below 30 and starting to curve upward (bullish divergence is a bonus)
3. Stop Loss:
Place a stop-loss just below the support (1โ3% depending on volatility).
4. Take Profit:
Set your first target at the next resistance level (3โ5% above entry).
You can scale out (e.g., sell 50% at first TP, move SL to breakeven).
๐ก๏ธ Risk Management
Capital Max Risk/Trade (2%) If SL = 2%, Position Size =
$500 $10 $500 trade
$1,000 $20 $1,000 trade
$5,000 $100 $5,000 trade
Keep it simple: one trade at a time until you get the hang of it.
๐ Example Workflow
Pick a coin (e.g., ETH/USDT)
Draw recent support/resistance zones
Add RSI indicator
Watch for RSI < 30 at support
Enter with limit/market order
Place SL below support
Set TP at resistance
โ Tips for Beginners
Backtest this on TradingView before using real money
Stick to spot trading โ avoid futures or margin early on
Keep a trade journal: date, coin, reason, entry, exit, result
Only trade liquid coins with good volume
Never risk more than you can afford to lose
#BinanceHODLerPLUME #ETHInstitutionalFlows #PowellWatch #MarketPullback
