#BNBBreaksATH $ETH 1. Identify the trend (market analysis)
Before opening a trade, you must analyze: Is the price in an upward, downward, or volatile trend?
Use tools like:
Moving Average (MA) to follow the trend.
RSI to determine overbought/oversold.
Supports and resistances to know reversal areas.
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2. Capital Management (Most Important)
Don't enter the trade with your entire balance 🚫.
It's best to risk only 1% - 3% of your capital in the trade.
Set a Stop Loss below/above a significant level to protect your funds.
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3. Target clear profits
Use a Risk/Reward ratio (R:R) of at least 1:2.
Example: Risk losing $10 to gain $20.
Don't be greedy, exit the trade if the price reaches the target.
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4. Use pending orders (Limit & Stop)
Instead of watching the screen, set orders:
Limit Order to buy at a lower price.
Stop Loss Order to stop the loss.
Take Profit Order to secure profits.
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5. Effective trading method (Scalp + Swing)
If the market is volatile: Try Scalping (quick trades within minutes).
If the market has a clear direction: Try Swing Trading (hold the position for hours or days).
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6. Don't forget the news
Follow currency news (blockchain updates, central bank decisions, major events).
Strong news can quickly raise/lower the price.
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🔑 The real secret to profit is: Analysis + Capital Management + Commitment to the plan.
Would you like me to explain a ready-made trading strategy (example with steps) that you can apply on Binance?
