Binance Day Trading Strategy ā Master the Markets in Minutes š
Day trading on Binance requires precision, discipline, and a solid strategy. Here's a powerful intraday approach you can apply:
š¹ Strategy Overview: 5-Minute Scalping with EMA + RSI
A quick, momentum-based strategy using technical indicators for fast entries and exits.
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ā Setup:
Chart Timeframe: 5 minutes
Indicators:
9 EMA (fast)
21 EMA (slow)
RSI (14) with overbought/oversold levels at 70/30
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š Entry Rules:
Buy Setup:
9 EMA crosses above 21 EMA (bullish crossover)
RSI is between 40ā60 (not overbought)
Entry near the EMAs on a bullish candle
Sell Setup:
9 EMA crosses below 21 EMA (bearish crossover)
RSI between 40ā60 (not oversold)
Entry near the EMAs on a bearish candle
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šÆ Exit Plan:
TP1: +1.5% to 2%
TP2 (optional): +3% (trail SL)
Stop Loss: Below/above recent swing low/high or -1.5%