For all traders, the introduction of Martingale as a new tool by #Binance and #Kucoin, which I am aware of, is very encouraging. My uncle informed me about this feature, and he explained how it functionsed, as I was also ignorant of it. I thought it would be helpful to share with you all, especially since it relates to the #HIVE coin.
MAXIMIZE TRADING PROFITS WITH MARTINGALE TRADING TOOL
Any coin may be purchased and sold using the martingale trading function. This is similar to casino gambling, where players who use this strategy to increase their bets after suffering losses do so right away. In casinos, things function in this way.
This feature, which enables you to set your own trading terms, is available on either of these two exchanges. As an example, if you choose Bitcoin for the trade, you will establish the layers. Assume I have made 10 layers of buying. The trade sum I provided is $1000. Now, with this amount, I'll be able to purchase all of my layers at different levels, but each purchase will cost you twice as much as the first layer.
As the price continues to fall, this will assist your transactions in lowering the average. The next choice is to set your sell level; if my five buying levels are met and the price rises again, it will subtract your average ratio and the percentage you set to sell at. If you specify that you want to sell at a profit of 0.5%, the bot will compute and sell all of your trades if the profit is greater than 0.5%.
This feature is particularly appealing during the downturn because the more layers purchased, the more profit opportunities you will have. Assume I executed a BTC trade with layers and a 2% gap at each purchase. The price range for purchasing from $28k to $25k at the same time. Now I have a great opportunity to make a large trade if the coin continues to fall below 20%.
When the price reaches my last level of $25K and then rebounds, it will begin computing my selling percentage. As an example, if I set the sell price to only 0.5% profit, it will compute and sell all trades as soon as the price exceeds $26K, and you will receive 0.5% profit on the entire amount, i.e. $1000.
DOUBLE LAYER PURCHASES WITH MARTINGALE TRADING IN #HIVE
The benefit is that it will continue to purchase double layers at each layer, reducing your average buying, which is a significant advantage of Martingale. This feature is better suited for #hive because it is a pumping coin and can provide you with faster profits. For the hive, position 10 layers and let the bot keep purchasing; when the pump arrives, it will sell all of the layers at a profit.
Also, when trading HIVE in martingale, make sure your profit proportion is at least 5% because the pumps are frequently more than 15%. This will help you make some excellent profits, and this coin is fundamentally strong, so your trade will most likely not result in a loss. This is a fantastic feature for traders who want to use a bot to purchase layers and then double the price on each layer.
Also, keep in mind that I shared my understanding of the Martingale feature with you. There is a chance that I overlooked some details, so do your own study before attempting to use this feature. And we all know that the cryptocurrency world is risky, so never spend money you cannot afford to lose.
This is my attempt to provide you with the most up-to-date learning and knowledge about the Martingale feature and its working mechanism. I hope you find this article useful and educational; if you do, please leave a review in the comment section so that the next post can be even better. Thank you for sticking with me until the finish.
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IMAGES AND GIF TAKEN FROM CANVA, EDITED IN CANVA
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