💰 Introduction: The key to profits is choosing the right time

Profiting from altcoins requires more than just buying "good" coins; it demands a swing trading strategy to capitalize on sharp weekly rallies. This strategy doesn't require constant monitoring like day trading, but focuses on selecting coins that show signs of imminent upward movement.

Here's a practical guide to choosing the top 3 alternative currencies this week and how to manage your trades to achieve a 10% to 15% profit target.

1. The criteria for selecting the three "deals of the week"

To ensure that a currency has the potential for rapid growth, it must meet these three criteria (look for them on the charts):

• Breakout: Look for a coin that has successfully broken through a major resistance level (usually on a 4-hour or daily timeframe) and closed a candle above it.

• High volume spike: The breakout should be accompanied by a sudden increase in trading volume. Increased volume confirms that there is genuine interest from "whales" (large investors).

• Good RSI indicator: Make sure that the Relative Strength Index (RSI) has not yet entered the overbought zone (below 70).

2. Risk management for profit (the golden rule)

Sustainable profitability can only be achieved through rigorous risk management. The 2% rule is key to success:

• Trade size: Never risk more than 2% of your total portfolio capital in a single trade.

• Stop-Loss: Always set a stop-loss order (as specified in the table). This protects you from sudden market reversals.

• Partial profit-taking: When the price reaches your target (e.g., 15% profit), sell 50% of your holdings, then move your stop-loss order for the remaining currency pairs to the original entry price. This way, you secure your initial profit without missing out on the opportunity for a larger increase.

🔑 Summary and an invitation to interact

Fast trading is an effective way to grow your portfolio on Binance, provided you adhere to a strategy and maintain discipline. Start applying these principles to your Binance charts today!

Share your opinion: Which currency are you watching this week for a winning trade?

#تداول #Altcoins #استراتيجيات_التداول #تعليم_تداول

The following article will focus on "Portfolio Management Tips and Protection Against Downturns"?