My Plan to Turn €50 into €200 in the Spot Market

Since I'm using the spot market, my approach will focus on careful entries, smart exits, and balancing risk. Here's my plan:

1. Selecting the Right Coins

I'll split my €50 across a few promising small-cap coins that have high volatility and room for growth. Candidates include:

$PEPE – Meme coin with strong community backing, ideal for short-term swings.
$VAI – DeFi utility token, potential for steady gains.
$FLOKI – High momentum coin with large trading volume.

I’ll avoid coins with extremely low liquidity to ensure I can easily buy and sell without major price slippage.

2. Spot Entry Strategy

I won’t jump in blindly—I’ll wait for dips or consolidation periods after price movements. My plan is to enter positions when:

The coin is in a local support zone with good buying volume.
There’s a pullback after a major pump, avoiding buying at the peak.
Market sentiment shifts and volume starts rising.

3. Managing Trades & Profit Taking

Since this is the spot market, I’ll focus on incremental gains. I won’t expect huge overnight profits, but I’ll take small wins by selling in stages:

If a coin moves up 20–30%, I’ll sell a portion to secure profits.
I’ll reinvest profits into other small caps showing strong market interest.
If a coin dumps too hard, I’ll cut losses early to avoid deep red positions.

4. Monitoring Market Trends

I’ll keep track of news, volume changes, and whale movements to stay ahead of the market. If a coin I’m holding starts losing momentum, I’ll rotate into a stronger-performing asset.

If this strategy works, I could flip €50 into €200 over time with disciplined execution and good market timing. Let's see how it plays out.

#CryptoStrategies #spotmarket #bnb