How do you effectively crypto your scalp?

How to Set up a Crypto Scalping Trading Strategy?

Place a 5-8-13 simple moving average (SMA) combination on the two-minute chart to identify strong trends that can be bought or sold short on counter swings, as well as to get a warning of impending trend changes that are inevitable in a typical market day. This scalp trading strategy is easy to master.

Scalping attracts traders because it exposes them to less risk and offers greater number of trading opportunities . In addition, traders are able to fight greed since they target very small returns.

Key Takeaways. The 5-Minute Momo strategy is designed to help forex traders play reversals and stay in the position as prices trend in a new direction. The strategy relies on exponential moving averages and the MACD indicator .

Scalping can be very profitable for traders who decide to use it as a primary strategy, or even those who use it to supplement other types of trading . Adhering to the strict exit strategy is the key to making small profits compound into large gains.

Range Trading The more frequently the price touches either level, the more likely the level will break. This scalping crypto strategy can therefore work well for traders using a 5-minute timeframe, though a stop-loss will be essential for when a breakout occurs.