Using Binance's Future Grid for Success
Binance is one of the greatest and largest cryptocurrency exchanges in the financial sector, with a user-friendly layout and a variety of services to help its users and to provide multiple ways of earnings.
I've used a number of exchanges, but I prefer Binance since it offers earning opportunities for individuals who have money but don't know how to invest or trade with it.
One of the most useful feature is spot grid strategy or future grid strategy where the bot will keep on trading for you.
In the past, I used a spot grid method with various coins, particularly the hive coin, which is a pumping coin with a 20 to 25% increase once a month.
In the spot grid approach, I used to set up a specified range, such as 5% above and 5% below, and then retain my money in spot grid trading so that the bot could continue to trade for me and help me earn passive income.
Similarly, in the futures market, there is a future grid approach with three options: neutral, long, and short.
In the future market, you will have more possibilities than on the spot grid, which is just one-sided, allowing you to only take long positions.
However, in the futures market, you have three additional options: long, short, and neutral, which can help you earn even more money if you have a solid guess and are strong at analysis.
Right now, when I talk about myself. I'm implementing the future grid technique, but only for short positions.
Right now, it appears that BTC is on the verge of a massive boom or a terrible collapse, which could occur at any time depending on the whales, news, and market mood.
Right now, Bitcoin is at an all-time high. We see positive moves that indicate strong price market activity.
One of the biggest resistance zones for Bitcoin right now is 72,900, which has to break out for a positive breakout. We also have a support zone from 71,400 to 71,000, which will be a decent support, and if these levels are not held, Bitcoin will fall to about 69,000.
So, what will my approach be with the help of the Future Grid strategy? You can also start a neutral trading bot and choose a range; for example, the top range for Bitcoin is 80,000 and the lower range is 60,000.
You will keep your money with the leverage you use, depending on the risk you want to take. You must select the number of grids which is the main part of this trading. The better the number of grids are selected will give you more good trades.
Within the range of 60,000 to 80,000, the bot will continue to trade after each BTC move.
For example, if you instructed the bot to make a trade every 0.5%, it will continue to do so until your trade falls within this range.
The advantage of this is that you will occasionally make a passive income, and this is a large range that will be there for at least one month, during which time you will also have a good chance to complete your transaction and terminate it profitably.
This is one of the best strategies that I've been utilizing for the past two years, and I wanted to share it with you so that you, too, may generate a solid passive income from the future grid technique.
Again, if you are not experienced in trading or do not understand market movements, I propose that you avoid such tradings and you need to learn first.
However, if you are skilled with trading and understand the fundamentals of market movements, you can choose for future grid trading, which involves guessing whether the market will move up, down, or remain range bound.
In a range bound situation, you will choose neutral trading. If you believe Bitcoin is bullish, you will enter a long position, and if you believe Bitcoin is bearish, you will enter into a short position.
This is a really simple way that will generate a substantial passive income.
I hope you find this post interesting and I hope you will like it. If you like the post, please leave feedback in the comments section so that the next one will be even better. Thank you for sticking with me until the end.
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