Hello! Today the crypto market has been a whirlwind. Bitcoin ($BTC) hovers around $109,000 after a rally, Uniswap ($UNI) rose more than 10%, and altcoins like $XRP and $ETH are also fluctuating. For beginners, experts, or the curious, volatility can be intimidating, but with the right strategy, you can navigate it. Here's how I did it today and how you can adapt it, with details for everyone.
🔧 My Step-by-Step Strategy:
• Use of Stop-Loss: I set a stop-loss at -5% on Binance to limit losses. For example, if I bought $BTC at $108,000, it sold automatically if it fell to $102,600. This protected me during the rapid morning drops.
• Intelligent Diversification: I divided my capital (e.g. 50% $BTC, 30% $ETH, 20% $UNI) to avoid depending on a single currency. When $UNI exploded +10%, it compensated for a small drop in $BTC.
• Strategic Patience: I waited for clear signals before acting. I checked the volume on the Binance app (up 40% in $UNI) and news on X about Unichain, avoiding impulsive moves.
• Active Monitoring: I used alerts on Binance for key prices (e.g. $108,500 in $BTC) and followed the fear and greed index, which today is in “greed” (75/100), a sign of potential rally.
💡 Key Tricks for Everyone:
• Don't Panic: Drops of 5-10% are normal. Breathe, check data, and wait. Today, a drop of $BTC to $107,000 rebounded in hours.
• Educate with Binance Academy: Take the free course on “Volatility” to understand patterns. I earned $5 in tokens with “Learn and Earn” while learning.
• Small Steps: If you are new, start with $20-$50 and use P2P to buy. Slowly reinvest profits.
• Useful Tools: Download TradingView for free charts or use the Binance calculator to simulate trades.
⚠️ Warning: Volatility can bring losses. Never invest what you can't afford to lose, and always do your research (e.g. check CoinMarketCap or X for confirmations).
