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How to engage in Bidding
If you want to achieve quick profits, this strategy is ideal for that as it is designed for instant trading on Binance, focusing on short-term opportunities where currencies may rise within a short period during the hour and four hours.
Step one: Select the currency
Go to the markets: choose either the biggest winners or the biggest losers and select three to four currencies from them.
Add your selected coins to the favorites list
Follow its trends on the chart for an hour
Observe the movement of the currency and the extent of the changes in rising and falling.
If the price has been steadily rising or falling by 3-5% in the past hour, this may be your trading opportunity.
Step Two:
Once you find a valid coin for Bidding with a good profit, follow the next buying strategy:
Buy one-third of the amount in the first part and wait a moment; if the price drops, buy another third, then bid with the last third at the lowest price, which should be lower than the lowest price the currency has reached. Wait and calculate your profit price for each of the first two thirds in case you get them or one of them.
Step Three
If the currency moves up as expected, set the profit price for the first entry point, and above it, set the profit price for the second entry point.
The third third is for balancing in case of a sudden rapid decline.
If the price remains below the average purchase value for a long time, exit at the breakeven point to avoid losses.
Why does this strategy work?
High Momentum Coins: Filter Top Gainers or Press to Accumulate
Risk management: Dividing investments into three parts protects against sudden declines.
Quick Profits: Focus on small and consistent gains instead of holding for long periods.
Professional tips for success
Stick to the rules: Follow the steps precisely. Skipping them may lead to losses.
Limit your trades: Aim for 5-7 profitable trades out of every 10.
Stay focused: Keep your emotions in check and avoid overtrading.
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