It requires a trader to have a strict exit strategy because one large loss could eliminate the many small gains the trader worked to obtain.

Using a the daily time frame is the best as you will be buying into a trend that you can confirm on the larger time scale while still being relatively quick in getting you gains. 

Example;

You have identified an ascending channel by doing some Technical Analysis (TA) confirming this trend.

 1. You will buy coin “X” when the candlestick touches the lower trend line and a reversal to the upside is confirmed.

 2. You can now set a limit sell order at the previous high. Or slightly higher where you believe the price will reach.

 3. Setting a stop loss on your trade can be set at the previous Low of the coin.

Scalp trading requirements:

✅ Daily time frame uptrend 

✅ Identified a support and resistance

✅ It is a good coin

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*Important* 

This is not leverage/futures trading.

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#SCALP