#DayTradingStrategy
Day trading on Binance aims to profit from short-term price movements within a single day. Key strategies include:
* Scalping: Making numerous small, quick trades to capitalize on tiny price fluctuations, often using leverage. This requires fast execution and a keen eye on order books and volume.
* Range Trading: Identifying clear support and resistance levels. Traders buy near support and sell near resistance, expecting the price to bounce within this defined range.
* Breakout Trading: Waiting for the price to break above resistance or below support, then entering a trade in the direction of the breakout, anticipating continued momentum.
Always prioritize risk management with strict stop-loss orders. Focus on highly liquid and volatile assets, and never trade without a well-defined plan. Technical indicators like RSI, MACD, and moving averages can help confirm entry/exit points.