Best Trading Strategy for Good Profit๐
Here's an effective cryptocurrency trading strategy for good profit, especially for intraday or short-term traders:
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Strategy: 15-Minute EMA + RSI Strategy
Timeframe: 15-minute chart
Tools:
EMA 9 & EMA 21
RSI (Relative Strength Index) โ 14-period
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Entry Rules:
1. Buy Entry (Long):
EMA 9 crosses above EMA 21.
RSI is above 50 but below 70 (confirming upward momentum without being overbought).
Candle closes above both EMAs.
2. Sell Entry (Short):
EMA 9 crosses below EMA 21.
RSI is below 50 but above 30 (confirming downward momentum without being oversold).
Candle closes below both EMAs.
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Exit Rules:
Profit Target: 1.5x your stop-loss or a fixed % like 2โ5%.
Stop-Loss: Just below (for long) or above (for short) the most recent swing.
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Tips for Success:
Use this strategy only when the market is trending.
Avoid trading during major news releases.
Always use stop-loss โ crypto is volatile.
Manage risk: Never risk more than 1โ2% of your capital per trade.