✅ **“Old is Gold RSI Strategy”**
**For Beginners & Pro Traders | No News, No Noise – Just Precisio
✅ **“Old is Gold RSI Strategy”**
**For Beginners & Pro Traders | No News, No Noise – Just Precision**
This RSI-based strategy is designed for **both beginners and professional traders**, focusing on simplicity and precision. It eliminates unnecessary factors like market news, multiple indicators, and over-analysis. Just set it and let the system guide your entries and exits.
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### 📊 **Indicator Setup**
Use **RSI (Relative Strength Index)** with the following custom settings:
Make sure to **apply this strategy on the daily timeframe** (1D chart). This is crucial for better accuracy and avoiding too much noise from smaller timeframes.
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### 🟢 **Entry Rules**
Enter the market **in two steps** based on RSI movements:
1. **First Buy Entry** → When RSI touches the **40 line** (signifying that price is moving toward oversold conditions). 2. **Second Buy Entry** → If RSI continues to drop and **touches 25**, enter the second buy.
*No stop-loss required*. This strategy is designed to accumulate positions without needing to stop out. Simply let the market work for you.
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### 🔴 **Exit Strategy (Take Profit - TP)**
1. **Sell 60%** of your position when RSI crosses **above 60**. 2. **Sell the remaining 40%** when RSI crosses **above 70** and exit the trade completely.
This approach ensures **maximum profit potential** with minimal manual intervention.
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### 💡 **Why This Strategy Works**
* It’s based on **simple, emotion-free decision-making**. * Works exceptionally well with **fundamentally strong coins** (e.g., BTC, ETH, SOL, AVAX). * Ideal for **sideways or weak market conditions**. * Helps avoid **FOMO-based entries** and minimizes risk. * Designed for **daily chart scalping or swing trading**—no need for constant monitoring.
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### 🚀 **Important Notes**
* **Daily Timeframe (1D)** is a must. Do **not use** this strategy on smaller timeframes, as it works best on the **daily chart** to avoid market noise and false signals. * This is a **"Set & React"** strategy: Set up your RSI and wait for the levels to be triggered. No need to chase trades. * Best results come when you apply it to **fundamentally strong coins**, not meme or micro-cap tokens. * This strategy is about **long-term consistency**—perfect for traders who want to grow their portfolio steadily over time.
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### ⚠️ **Disclaimer**
* Always remember that this strategy is based on **RSI levels and price action** on the **daily chart**. Market conditions may change, so always monitor your positions periodically. * Use the strategy on coins with strong fundamentals for the best results.
$XRP $SUI I want to explain something important about **spot trading** and why it’s a better approach for long-term success. The journey from **4 lakh to 8 lakh** in 30 days isn’t as easy as it seems. Initially, my investment was **16 lakh**, but after facing losses, it dropped to **4 lakh**. By focusing on **spot trading** and holding my positions, I’ve managed to recover it back to **8 lakh**.
The key here is not rushing for quick profits but taking a more **patient and disciplined approach**. **Spot trading** allows you to trade actual assets directly (like crypto or stocks), and it’s **halal** when done right. By **holding** positions based on strong support levels, I’ve been able to turn things around, instead of gambling with leverage or making hasty decisions.
I strongly encourage everyone to consider **spot trading** as a reliable, safer alternative to **leverage trading**. With **spot trading**, you’re not at the mercy of extreme price swings caused by leverage. It’s a more **sustainable** way to build wealth over time, without the temptation to chase quick riches. Yes, it requires patience and discipline, but it’s far better than rushing and facing losses.
Remember, patience and strategy lead to long-term growth. **Focus on support levels, holding your positions, and a steady approach**, and insha’Allah, you’ll see success. It's a lesson I’ve learned from personal experience."
$BNB Based on the current market conditions, BNB/USDT is at \$780. The potential support levels to watch are as follows:
1. **\$750 - \$770**: This could be a key support zone where BNB might find stability and potentially bounce back. 2. **\$710 - \$730**: If the price drops further, this range could act as another support level. 3. **\$680 - \$700**: This area has historically been a strong support, and there's a possibility for BNB to bounce back from here.
**However, remember that market conditions can change rapidly, and these are just potential levels based on analysis.**
**This is not financial advice, and I am not your financial advisor. Always do your own research before making any financial decisions.