How to Quickly Check Which Coins Are Ready to Rise in the Next 15 Minutes
Predicting which coin will spike in a short period, such as 15 minutes to an hour, requires a strategic approach and quick decision-making. This guide outlines an effective method tailored for spot trading, ideal for those who prefer scalping (quick trades for small gains). By diligently following these steps, you can maximize your chances of catching a coin that is pumping while minimizing risks.
Step 1: Choose the Right Coin 🧐
1. Open the Binance platform and go to the Markets section.
2. Split your total investment into four equal parts for better capital management.
3. Change the market view to the 1-hour time frame and sort the coins by Best Winners.
4. Check the trend of the leading coin in the 5-minute time frame to detect its momentum.
5. Skip coins that show a downward trend or sudden spikes followed by sharp drops. Instead, focus on coins that have steadily increased by 4-6% in the last hour. These coins often attract more traders and can offer better entry points.
Step 2: Manage Your Investment Strategically 💰
1. Place your first part of funds in the chosen coin once you have confirmed its upward trend.
2. If the coin's price drops by 1.5%, allocate the second part of your funds.
3. If it drops another 1.5%, use the third part. This staggered investment method ensures that you reduce your entry cost and avoid significant losses in case the trend reverses.
4. Once the price recovers and reaches your average purchase price, close the trade to avoid losses. This protects your capital.
5. For coins that continue to rise, set a take-profit target of 4-6% above your average entry price to secure your profits.
Key Points to Remember
Discipline is essential. Never deviate from the plan or chase coins impulsively.
Closely monitor volume and momentum indicators, as they can signal if a coin has enough strength to keep rising.
Patience is crucial when waiting for price recoveries or profit targets.
Results You Can Expect
This strategy is designed to optimize your profit-to-loss ratio. Out of 10 trades, expect 6-8 to be profitable, while 2-4 trades may result in no significant gain or a slight loss. By following the rules and avoiding emotional decisions, you can improve your overall success rate over time.
If you find this guide helpful, don't forget to follow for more expert trading tips! Your success in the market starts with the right plan.