Buy low sell high is a simple but effective strategy for making money on Binance. The basic idea is to buy cryptocurrencies when the price is low and sell them when the price is high. However, there is more to this strategy than meets the eye.

Here is a step-by-step tutorial on how to make more than $1,000 on Binance buy low sell high:

1. Choose the right cryptocurrency. Not all cryptocurrencies are created equal. Some cryptocurrencies are more volatile than others, and some have more potential for growth. When choosing a cryptocurrency to trade, you need to consider its volatility, growth potential, and market capitalization.

2. Do your research. Once you have chosen a cryptocurrency, you need to do your research to understand the factors that affect its price. This includes understanding the cryptocurrency's project roadmap, its tokenomics, and the overall market climate.

3. Wait for a dip in the market. The best time to buy a cryptocurrency is when the price is low. This means waiting for a dip in the market. You can use technical analysis to help you identify dips in the market.

4. Buy the cryptocurrency. Once you have identified a dip in the market, you can buy the cryptocurrency. Be sure to buy at a limit order so that you don't overpay.

5. Set a stop-loss order. A stop-loss order is an order to sell your cryptocurrency at a certain price, regardless of the market conditions. This can help you to protect your profits and minimize your losses.

6. Set a take-profit order. A take-profit order is an order to sell your cryptocurrency at a certain price, regardless of the market conditions. This can help you to lock in your profits and prevent yourself from selling too early.

7. Monitor the market. Once you have bought the cryptocurrency, you need to monitor the market to see how the price is performing. If the price starts to go up, you can hold your coins and wait for the price to go even higher. If the price starts to go down, you can sell your coins to avoid making a loss.

Here is an example of how to use the buy low sell high strategy to make more than $1,000 on Binance:

Choose a cryptocurrency. Let's say you choose to trade Bitcoin.

Do your research. You research Bitcoin and understand the factors that affect its price. You also learn that Bitcoin is a volatile asset with a lot of growth potential.

Wait for a dip in the market. You see that Bitcoin has taken a dip in the market and is now trading at $20,000.

Buy the cryptocurrency. You buy Bitcoin at a limit order of $20,000.

Set a stop-loss order. You set a stop-loss order at $18,000. This means that if Bitcoin falls below $18,000, your coins will be automatically sold to protect your profits.

Set a take-profit order. You set a take-profit order at $25,000. This means that if Bitcoin rises above $25,000, your coins will be automatically sold to lock in your profits.

Monitor the market. You monitor the Bitcoin market and see that the price is starting to go up. You hold your coins and wait for the price to go even higher.

Bitcoin reaches $30,000. You sell your Bitcoin at a market order of $30,000. This means that you have made a profit of $10,000 on your initial investment of $20,000.

It is important to note that the buy low sell high strategy is not without risk. The cryptocurrency market is very volatile, and prices can go down as well as up. It is important to do your research and to set stop-loss orders to protect your profits.

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