💭 How to choose the right currency for day trading?
📌 Choosing the currency is the first smart step in any successful trade. Don't trade randomly!
1. Choose currencies with high liquidity:
For example:
$ETH ,
$BTC ,
$SOL .
The higher the liquidity, the less slippage and the faster your orders are executed.
2. Monitor daily trading volume:
Choose currencies with increasing daily volume.
High volume = high interest = more opportunities for price movement.
3. Avoid stagnant currencies:
Currencies that move within a very tight range or without sufficient trading volume are not suitable for day trading.
4. Follow news and trends:
Some currencies move strongly on news. Check out the Binance feed or CoinMarketCal.
🎁 Professional tip:
Use the currency filter on the Binance platform and choose currencies that:
📌 Increased by more than 5% in 24 hours
📌 Or recorded a sudden high trading volume
#CryptoScanner #AltcoinDaily #BinanceStrategies #StablecoinPayments #TradingSmart 🎁 Next lesson:
How to use moving average crossover signals to make entry decisions?
❤️ Follow me so you don't miss out and leave a good impact ❤️