Crypto Coins Suitable for Scalping Trading, Here Are Tips in Choosing Assets

KokoYo, Chinarainbow.org – Choosing a suitable crypto coin for scalping trading is very important to understand for those of you who are just jumping into the cryptocurrency market. However, novice traders must certainly understand what is a scalping method in the world of digital money investment. Scalping can simply be said to be a short-term trading strategy. Scalping methods are used with the intention of profiting from small price changes in a short period of time.

This trading technique is very demanding knowledge of the market, discipline, and quick decision making. In choosing an asset or coin that is suitable for scalping trading, traders must ensure several aspects including:

To scalp, traders need to first ensure assets that have strong fundamentals. For example, the coin has a good and stable trading volume. This is solely to minimize the risk of loss. – Being in the Top 100 marketcap Choosing a large marketcap is highly recommended so that buying and selling assets or coins is easy. Choosing coins that are in the top 100 is also highly recommended to avoid assets with bad fundamentals.

– Coins that are correcting Correction in crypto trading terms can be interpreted as conditions that describe the price of an asset is experiencing a decline after reaching its highest price. For short-term trading aka scalping, traders must be observant to see coins that are undergoing corrections.

So, what are the crypto coins that are suitable for scalping trading? Based on the above consideration variables, the following are crypto coins that are suitable for scalping trading:

1.Bitcoin (BTC)

The name Bitcoin or BTC must be familiar in the digital money market, even for ordinary people. Bitcoin is arguably the most popular crypto coin in the world today. The price of Bitcoin is currently still at the top of the cryptocurrency market. BTC seems irreplaceable and has always dominated the crypto market. Therefore, it can be ascertained that the fundamental aspects of BTC are very good and suitable for scalping. However, traders must also be observant and wait for a correction to scalp.

2.Ethereum (ETH) Ethereum (ETH) which also experienced a positive trend throughout February 2022. This coin is growing in popularity after experiencing a surge of more than 400 percent in 2021. ETH is still a promising crypto coin for short-term or long-term investments.

3.Binance Coin (BNB) Binance coin or BNB is a type of crypto currency that is also included in the most popular ranks. Having a fairly good trading volume, no doubt that BNB is very good for scalping. Moreover, BNB is a cryptocurrency that can be used for transaction fees in Binance. Where, Binance which is one of the largest crypto exchanges in the world and has a market price option to support a fast transaction process for traders.

4.Tether (USDT) United States Dollar Tether (USDT) or familiar with the name Tether is also considered to be a fairly promising coin for scalping. This digital currency is mixed at the rise or fall of the dollar rate. Therefore, it is not surprising that Tether becomes a fairly stable cryptocurrency and can be a short and long-term investment because it is poisoned in USD currency. That was a list of crypto coins that are suitable for scalping trading. It should be realized that in scalping, traders must also understand market behavior. In addition, using an exchanger that has a market price feature is also recommended so that transactions when scalping can be fast.

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