If you're looking for currencies that might increase in value within the next 15 minutes to an hour, this strategy might help you. It's designed for immediate trading and works best in fast-paced trading. To make profits, you must carefully follow each step. Skipping steps may lead to losses, so be cautious and stick to the rules.
Step 1: Find the right currency
Start by opening Binance and going to the markets section. Divide your total investment into three equal parts. Set the market to a one-hour timeframe and sort the currencies by the highest winners using the dropdown list.
Now, check the top winners and switch to a 5-minute timeframe to analyze the trend.
If the price of the currency drops after achieving a rise, skip it.
If the price is rising and has increased by 3-5% in the last hour, it may be a good buy. If the top currency does not meet these conditions, repeat the same steps with the second highest winner.
Step 2: How to invest
Once you find a suitable currency, start with the first part of your funds to buy. If the price drops by 2%, use the second part to buy more. If it drops another 2%, invest the third part.
In this case, do not wait for a profit of 3-5%. Instead, exit the trade at the average entry point to avoid losses. For the currency that moves up as expected, set your take profit (T.P.) at 3-5%.
Final tips
This strategy works best when followed closely.
You can expect 5-7 profitable trades out of 10, with 3-5 trades ending without profit or loss.
By adhering to the rules and analyzing currencies carefully, you can make your trades more predictable and successful.
