
Hello friend ,I am Sanjay ,a passionate crypto trader from India.I know that sometimes ,you want quick profits but confuse ,from which coin to start, which setup to follow and which indicators to use .So this is the simplest strategy ,I have used more than 100 times to be profitable.I revel this strategy in 10 easy steps
- Chart settings and indicators Here we use only 1 time frame ( 1 day chart) and 1most popular indicator with 2 settings (EMA 50 red line and EMA 200 green line ,slightly thicker). Please keep this one thing in mind ,more time-frames and more indicators, means more confusion in decision making nothing else
- Coin selection In Binance ,arrange coins by their market cap like topmost BTC then ETH then XRP etc. Now check 1 day charts of top 30 coins one by one
- What to search Search for red line cuts above the green line ( golden cross) with increasing gap and green line slopes upwards (30-40 degree angle). now we are in a healthy uptrend and as you know, trend is my friend .Now we have to wait for 3 conditions to full-fill
- Wait 1 Long green candles above red line ( Breakout ). No trade in Fomo
- Wait 2 A major pullback to green line. No trade .Its like a mountaineer only rests in a middle ,after rest he again starts to climb
- Wait 3 After touchdown to green line ,price again moves up slightly but here is a catch . Big players will sudden push price down to eat up your stop loss. So no trade here . Watch-out for a W like pattern ( double bottom) near green line
- Actual buy moment Actually most traders, beginner or experienced have lost in 3 above waits. So please be patient , market always respects your patience . Now when a bullish green candle reclaims the green line ,its your moment to enter with confidence. The main point is ,please try to buy as near as to green line . Actually in 1 day chart this green line acts as a strong support
- Leverage Never ever more than 2x or 3x because more greed means more chance of market will crush you
- Take profit and stop loss For the above swing trade setup ,a general take profit is around plus 3 % and stop loss is minus 10 %. Here is a catch never put a stop loss too tight to your entry price because in normal market fluctuations it will be hit and your trade will auto close in a loss
- Real calculations if in this future trade your initial capital is 1000 USDT and leverage is 2x and 4-5 days after entry, price moves up by 4%. your actual profit is 8% means 80 USDT
Golden Advice :To my fellow trade brothers and sisters : Never become too greedy (5x 10x leverage, never ever) and always follow a stop loss .