🏧Technical Analysis vs. Fundamental Analysis in Crypto Trading
If you want to become a profitable crypto trader, you need to understand the difference between technical analysis and fundamental analysis. Both methods are valuable, but they serve different purposes. As a day trader, I use technical analysis to find precise entries and exits, while fundamental analysis helps me identify strong projects worth watching.
✅What Is Technical Analysis?
Technical analysis is the study of price charts to predict future market movements. Instead of focusing on the project itself, traders analyze historical price action, trading volume, and market trends.
Some of the most common technical analysis tools include:
Support and resistance levels Trend lines Moving Averages (50 EMA and 100 EMA) Fibonacci Retracement RSI and MACD Candlestick patterns
✅Fundamental analysis evaluates the long-term value of a cryptocurrency project. Rather than looking at charts, you research the project's technology, team, tokenomics, and community.
Key factors to analyze include the following:
Real-world use case Development team Market capitalization Token supply and distribution Number of holders Partnerships Roadmap and future updates
Final Thoughts
Technical analysis tells you when to trade, while fundamental analysis helps you decide what to trade. Learning both skills can significantly improve your performance in the crypto market.
Many people think you need thousands of dollars to become a profitable crypto trader. The truth is, you can start with $100 if you focus on risk management and discipline instead of trying to get rich overnight.
✅Step 1: Trade Only High-Liquidity Coins Stick to coins like BTC, ETH, SOL, or BNB on Binance Futures. These markets have better liquidity and tighter spreads, making them more suitable for day trading.
✅Step 2: Use the 1-Hour Timeframe Start your analysis on the 1-hour chart to identify the overall trend. Wait for high-probability setups instead of chasing every price movement.
✅Step 3: Trade During the London Open The London trading session usually brings higher volume and volatility, creating better opportunities for day traders. Focus on this session and avoid trading all day.
✅Step 4: Keep Leverage Low With a $100 account, use 5x to 10x leverage. High leverage may look attractive, but it also increases the chance of blowing your account.
✅Step 5: Risk Only 1–2% Per Trade Never risk more than $1–$2 per trade. Protecting your capital is more important than making quick profits. Small, consistent gains add up over time.
✅Step 6: Take Only 1–2 Trades Per Day Quality beats quantity. Wait patiently for your trading setup, execute your plan, and avoid overtrading.
✅Step 7: Aim for at Least a 1:3 Risk-to-Reward Ratio If you risk $2, your target should be at least $6. This allows you to stay profitable even if not every trade is a winner.
Final Thoughts
A $100 account won't make you wealthy overnight, but it can teach you the habits that professional traders use every day. Focus on consistency, protect your capital, and let your account grow gradually.
Many traders focus on making money quickly, but profitable traders focus on protecting their capital first. Becoming consistently profitable is not about finding a secret indicator—it's about building good habits, following a trading plan, and managing risk every day.
✅Step 1: Learn One Trading Strategy Avoid jumping from one strategy to another. Choose one strategy, such as trend following, moving average crossovers, or support and resistance, and master it before trying something new. A simple strategy executed consistently is better than a complicated strategy you don't fully understand.
✅Step 2: Practice Risk Management Never risk more than you can afford to lose. A good rule is to risk only 1–2% of your trading account on a single trade. Always use a stop loss and aim for a minimum risk-to-reward ratio of 1:2 or 1:3. Professional traders survive because they protect their capital first.
✅Step 3: Wait for High-Quality Setups You don't need to trade all day. One or two high-probability trades are often enough. Be patient and wait for your strategy to give a clear signal instead of forcing trades because of boredom or fear of missing out (FOMO).
✅Step 4: Control Your Emotions Fear and greed are responsible for most trading mistakes. Follow your trading plan instead of your emotions. Accept that losing trades are part of the business and never revenge trade after a loss.
✅Step 5: Keep a Trading Journal Record every trade, including your entry, exit, stop loss, take profit, and the reason you entered the trade.
✅Step 6: Focus on Consistency Successful trading is about consistent execution, not hitting one big winning trade. Small, steady gains combined with disciplined risk management can produce strong long-term results. Consistency will outperform emotion.
🏧 Limit Orders vs. Market Orders on Binance Futures
Understanding the difference between Limit Orders and Market Orders is essential before placing your first futures trade.
1️⃣ Limit Order
A limit order lets you choose the exact price you want to buy or sell.
✅ You set your preferred entry price. ✅ The order will only execute if the market reaches that price. ✅ Great for traders who want better entries and lower trading costs.
Example: Bitcoin is trading at $65000, but you want to buy at $64000. Place a limit order and wait for the price to reach your target.
2️⃣ Market Order
A Market Order executes your trade immediately at the best available market price.
✅ Instant execution. ✅ Best when you need to enter or exit a trade quickly. ✅ The final price may differ slightly during high market volatility.
Example: Bitcoin is trading at $110,000, and you want to enter immediately. Use a Market Order, and your trade will be filled at the current available price.
Which One Should You Use?
✔️ Limit Orders are best for planned entries and better price control. ✔️ Market Orders are best for fast execution when timing is more important than the exact price.
As a day trader, I prefer using Limit Orders whenever possible because they help me stay disciplined, avoid chasing the market, and improve my risk management.
Follow Askanda for more daily crypto trading tips, Binance Futures tutorials, and risk management strategies.
Overtrading is one of the fastest ways to lose money in crypto. Many traders take too many trades because of FOMO, boredom, or trying to recover losses. Professional traders know that quality trades always beat quantity.
✅Step 1: Create a Daily Trade Limit
Only take 1–2 high-quality trades per day. If your trading setup doesn't appear, don't force a trade.
✅Step 2: Trade During High-Volume Sessions
Focus on the London Open or the New York Open, where Bitcoin and major altcoins usually have stronger price movement.
✅Step 3: Wait for Your Strategy
Only enter trades when all your rules are met. For example:
1-hour timeframe trend confirmation Moving Average crossover or your preferred setup Clear support and resistance Minimum 1:3 Risk-to-Reward ratio Step 4: Risk Small
Risk only 1–2% of your account per trade. Small losses are easier to recover than large ones.
✅Step 5: Stop After Your Goal
If you hit your daily profit target or maximum daily loss, close your charts and walk away. There will always be another opportunity tomorrow.
Step 6: Keep a Trading Journal
Record every trade with:
Entry and exit price Reason for taking the trade Profit or loss Lesson learned
Review your journal weekly to identify mistakes and improve your discipline.
Final Thoughts
Successful crypto trading isn't about trading all day—it's about waiting patiently for the best opportunities. Stay disciplined, manage your risk, and let your trading plan guide every decision. #askanda #crypto #daytrading
$5,000 funded account with Crypto Fund Trader (CFT) and trade directly through Bybit, here is the basic process.
Step 1: Create a Crypto Fund Trader Account
Visit:
Crypto Fund Trader
Create your account using your email address.
Step 2: Purchase a $5K Challenge
Choose the $5,000 Evaluation Challenge (or Instant Funding if you prefer that option).
The standard 2-step challenge generally requires:
Phase 1: 8% profit target Phase 2: 5% profit target Maximum daily drawdown: 5% Maximum overall drawdown: 10% Profit split starts at 80% after funding.
Log in to your CFT dashboard. Select Connect Bybit. Create a new Bybit subaccount (CFT generally requires a dedicated subaccount for each challenge/account). Generate API keys from that subaccount. Copy the API Key and Secret into your CFT dashboard. Wait for the connection to be confirmed. Step 5: Start Trading
After the connection is complete:
Trade directly on the familiar Bybit interface. Trade only the markets permitted by CFT. Follow all challenge rules carefully.
Important rules commonly include:
Only trade USDT Perpetual contracts. Do not deposit your own funds into the connected account. Do not trade Spot, Options, or other unsupported markets through the funded account. Always stay within the drawdown limits. Step 6: Pass the Evaluation
Complete the required profit targets while respecting the risk rules.
Once you pass:
CFT reviews your account. You receive a funded account. You continue trading through the connected Bybit account. Eligible profits are shared according to your agreement (typically starting at 80%). Trading Tips to Increase Your Chances of Passing
Trade only 1–2 setups per day. Focus on the London Open. Use the 1-hour timeframe to identify the trend. Aim for at least a 1:3 risk-to-reward ratio. Avoid overtrading after a winning or losing trade.
Use isolated margin rather than cross margin if permitted by the firm's rules to better control risk.
✅Step 1: Use the 1-Hour Timeframe Trade on the 1-hour chart to identify the overall market trend and avoid unnecessary market noise.
✅Step 2: Trade During the London Open Focus on the London trading session when market volume and volatility increase, creating better trading opportunities.
✅Step 3: Wait for High-Quality Setups Analyze the trend, support and resistance levels, and only enter trades that match your trading plan. Never chase the market.
✅Step 4: Limit Your Trades Take only 1 to 2 trades per day. Quality trades are more important than quantity.
✅Step 5: Manage Your Risk Use only 3% of your trading margin per trade to protect your capital and avoid overexposure.
✅Step 6: Keep Leverage Low Trade with less than 20x leverage to reduce liquidation risk and improve long-term consistency.
✅Step 7: Stay Disciplined Follow your trading plan every day. Consistency and proper risk management are more important than trying to catch every market move.
Successful crypto day trading is built on patience, discipline, and smart risk management—not on taking more trades.
How do you know the right coin to buy. We have good token for Cryptoinvesting Crypto day trading strategy for discovering 100x coins There are steps to finding 100x coin This video is an educational and training purposes only #altcoins #cryptotrading #forex #daytrading #tradingstrategy #askanda
Finding a 100x coin is difficult, but having a daily research process can improve your chances. Here are the steps I use before adding any coin to my watchlist:
✅ 1. Check CoinMarketCap Trending & New Listings Look for newly listed projects with low market caps and growing trading volume.
✅ 2. Use DEX Screener Find coins with increasing volume, strong liquidity, and consistent buying pressure. Avoid tokens with very low liquidity.
✅ 3. Study Holder Distribution Avoid coins where a few wallets own most of the supply. A healthy holder distribution reduces the risk of price manipulation.
✅ 4. Read the Tokenomics Review the total supply, circulating supply, vesting schedule, and insider allocations. Strong tokenomics are essential for long-term growth.
✅ 5. Follow the Narrative Pay attention to sectors attracting attention, such as AI, Layer-2, Real World Assets (RWAs), DeFi, or GameFi. Strong narratives often attract new investors.
✅ 6. Verify the Community Check X, Telegram, Discord, and GitHub. Active developers and an engaged community are positive signs.
✅ 7. Manage Your Risk Never assume any coin will deliver 100x returns. Invest only what you can afford to lose, diversify your portfolio, and always use proper risk management. Most small-cap coins fail, so discipline matters more than hype.
💡 Askanda Tip: Consistency and patience will help you discover quality projects before they become popular.
🏧How to Understand the Order Book on Binance Futures
On the Binance Futures dashboard, the order book is one of the most important tools for understanding real-time market pressure between buyers and sellers.
🟢 1. Bids (Buy Orders) Located on the green side These are traders willing to buy Bitcoin at lower prices The highest bid = strongest immediate buying interest
🔴 2. Asks (Sell Orders) Located on the red side These are traders willing to sell Bitcoin at higher prices The lowest ask = strongest immediate selling pressure
3. Spread (Gap Between Bid & Ask) The difference between highest bid and lowest ask Small spread = high liquidity (fast execution) Large spread = low liquidity (more volatility risk)
4. Order Book in Futures Trading In Binance Futures, the order book helps you: Spot liquidity zones Identify support & resistance levels Detect possible market manipulation (fake walls) Understand short-term market direction
5. Whale Walls (Big Orders) When you see very large orders: They may act as real support/resistance Or sometimes they are spoof orders (fake liquidity to mislead traders)
Always confirm with price reactions before trusting them.
Final Insight The order book does NOT predict the market — it only shows current intentions of buyers and sellers. Smart traders combine it with price action and volume before entering trades. #askanda #orderbook #crypto $TRX