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Since the "One Dollar Strategy" previously got a great response from you all, I want to share my personal idea and method that I rely on for managing my trades today. By combining both strategies together.
๐ก The main idea:
Choose a strong coin with high liquidity and massive trading volume. Personally, I recommend coins like $BTC $SOL $BNB for their investment strength, and I suggest buying now, but you can apply this to any coin of your choice. We will explain here using Bitcoin (BTC) to simplify the concept.
๐ First point (investment trigger):
Continue to buy and hold for the long-term target, like Bitcoin reaching $100k or more. Since the current price is hovering around $72.7k, it's a great time to establish this investment position.
๐ Second point (reverse speculation trigger):
Working with a scalping style in the opposite direction of the daily movement, meaning entering short positions with a precise and suitable amount for your wallet; taking advantage of the nature of markets that constantly fluctuate (up then down).
๐ฏ Example explained with numbers:
โข I entered a buy position at the current market price of $72,700.
โข If the price rises by 5%, this opens a good window for entering a short trade (real-time scalping).
โข If the price drops by 3%, close the short position to take some quick profits.
โข If the downtrend continues and the price returns to your initial entry point, close the old buy position and re-enter at a better price to boost your holdings.
๐ก๏ธ Summary:
This method gives your portfolio higher security and iron flexibility to handle market volatility, but it definitely needs more detail and clarification on its technical conditions.
๐ค Share your thoughts in the comments: Do you want a detailed step-by-step explanation of this strategy?
๐ Don't forget to follow and comment; what I share with you is just my personal experiences in the field.
๐ต๐ธ Long live free Palestine ๐ต๐ธ
