#SwingTradingStrategy
Strategy to convert 10 dollars to a thousand in a week on Binance briefly
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Name of the strategy: rapid momentum trading
Relies on quick entry and exit in active cryptocurrencies throughout the day with the aim of achieving accumulated profits
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Required tools
Account on Binance
Follow the Gainers section for rising coins
Follow official Binance announcements
Follow Twitter to know trending cryptocurrencies
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Execution steps
Every day, look for three cryptocurrencies that have risen between twenty to sixty percent in the last twenty-four hours
Choose currencies that have high trading volume
Enter a trade with an amount of two or three dollars
Wait for a clear price breakout, then enter
If the price rises by fifty to a hundred percent, exit with profit
Repeat the process with new cryptocurrencies in the same way
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Capital management
Do not enter the entire amount in one trade
Divide the capital into three small trades
Set a stop loss not exceeding fifteen percent
If you win in a trade, reinvest the profit in another cryptocurrency
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Good entry signals
A new cryptocurrency on Binance
High momentum on Twitter and Telegram
Consecutive green candles with an interval of five to fifteen minutes
Sudden increase in trading volume
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Quick tips
Do not enter after a strong rise
Monitor the market more than once a day
Exit at the first correction signal
Do not be greedy for a large profit all at once
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