If you are looking for coins that may rise in the next 15 minutes to 1 hour, this strategy may help. It is designed for spot trading and works best for scalping (quick trading). To make a profit, you must follow the steps carefully. Skipping steps can lead to losses, so be cautious and adhere to the rules.
Step 1: Find the right coin
Start by opening Binance and navigating to the Markets section. Divide your total investment amount into three equal parts. Set the market to a 1-hour time frame and sort the coins by Top Gainers using the dropdown menu.
Now, check the top gaining coin and switch to the 5-minute time frame to analyze the trend.
If the price of the currency is declining after a high increase, ignore it.
If the price is rising and has increased by 3-5% in the past hour, it may be a good buying opportunity. If the top coin does not meet these conditions, repeat the same steps with the second gaining coin.
Step 2: How to Invest
When you find a suitable coin, start with the first part of the money to buy. If the price drops by 2%, use the second part to buy more. If it drops another 2%, invest the third part.
In this situation, do not wait for a profit of 3-5%. Instead, exit the trade at your average entry point to avoid losses. For a coin that is rising as expected, set your profit target (T.P.) at 3-5%.
Final Tip
This strategy works best when followed strictly.
You can expect 5-7 profitable trades out of 10 trades, with 3-5 trades ending with neither profit nor loss.
By adhering to the rules and analyzing the coins carefully, you can make your trades more predictable and successful.
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