How to Know When a Coin Will Pump on Binance

[00:02] my favorite strategy on how to know when a coin is about to pump massively making money in the market daily because it help in making decisions on the next coin to buy for massive gains as it gives me the early entry signal

[00:17] trader there is always the need for good entry and exit strategy already in an uptrend because the trend may end up reversible against you and you may lose your money what you need is to enter into a trade before the coin

[00:32] this video remind you that if you like this type of content please support my channel by giving this video a like click the subscription button and also hit the

[00:45] bell icon so that you do not miss out on my future videos it is very important to watch this video to the end because if you miss any of the steps there is a high risk that this strategy will not work for you

[00:57] so the first step is going to this website called cohencheco.com cohencheco is one of the largest cryptocurrency data aggregator in the it covers all the information around crypto prices updates and news

[01:12] here is the first page you see when you type coinkeco.com in your browser the next step for this strategy is the exchange you are using to trade you can use any crypto exchange of your choice but for this video i am going to

[01:26] be using binance so what you need to do once you are on this page is to search for binance on this search bar here

[01:41] exchanges and select the first one which is the binance exchange and it will take you to this page this page shows the total trading volume of coins on binance as you can see here this is the 24 hours trade volume on

[01:53] binance calculated in usdt is the number of coins that being traded and the our duty here is to scroll down this page and find among all this coins the unpopular ones or i normally call it hide and gems because this coins has

[02:08] all these pairs you see here are what that there is hidden potential on this coins especially the ones that is not so what we are going to do now is to look for one unpopular coin and as we

[02:22] scroll down for that as you can see all this first 12 already popular coins so and i think one of those coins we are looking for is this one in number 18 called smooth or slp the coin is unpopular and as you can see

[02:37] here it has a trading 24 hours volume of over 200 million us dollars this means that a lot of people is interested on the coin maybe because of its utility or maybe there is an important news coming or maybe any other

[02:50] reasons which you might not know but all you need to understand is that the more buying volume it has the potential for it to pump to the upside let click on this coin to get more information about it

[03:02] oh this is massive as you can see it has already gone up 30.7 in the last 24 we might be late but let's scroll down to see if we can buy or not

[03:14] as you can can see it has a market capitalization of over 172 million us dollars and total supply of over 2 billion that means that the possibility high will you look at the daily chart down

[03:27] here you will see that the coin have really pumped much higher in the last 24 hours and it can consolidate so i think we are going to look for another coin and as we go down again i think we can check this one called gala

[03:42] it also has a trading volume of over 200 million us dollars and it is also an unpopular coin this is it i think this one will make a nice buy it has only moved up 9.7 percent so

[03:54] buying now is not that a bad idea let's scroll down to the chart and see what it looks like yeah this looks so good you can see that in the past 24 hours ago the coin made a massive move to the

[04:07] top and it's right now consolidating and if we enter a position right now we will go up with the price but first let go to trading view and see and i will show you how my entry and exit position may look like

[04:27] right corner here and search for gala usdt and select the coin move to upside and the made a pullback to the downside another move to the

[04:39] upside and then another pullback so this place is a key support level and up here is resistant level what i will do next is to bring my fib retracement tools and draw it from the previous swing low to the previous swing

[04:52] previous swing low to the previous swing high entry and exit level these fib levels always act as an end of

[05:07] a pullback especially the 0.382 level 0.50 level and mostly the 0.618 level traders refer to this three levels as golden zone

[05:19] and as you can see this is exactly what has played out in this chart to the 0.382 fib level but eventually break it to the downside and were

[05:33] break it to the downside and were supported by the 0.618 fib level so the fibonacci retracement level of 0.618 level is a good place to enter still enter a position now because the price is supported by 0.382 level but if

[05:49] level we can wait for another confirmation candle at 0.618 level for me i enter a by position now and target the zero fibonacci retracement level as my take profit which is above 31 profit but i will take some profit at

[06:05] this resistance levels because the market might get rejected again at this but if i have taken some profit there which is about fifteen percent gain i bounced back here a few things that will help you

[06:19] make a good trade with this strategy first you need to identify the previous swing low and high secondly draw the fibonacci retracement tool from the swing low and the swing high thirdly wait for the market to consolidate to

[06:31] fibonacci retracement level of 0.618 and finally wait for a confirmation candle to the upside and enter your trade so that's all you need to do next week i will post a video where i'm trading the strategy for eight hours

[06:45] that video in the meanwhile check out my other videos on my channel thanks for watching and see you in the thanks for watching and see you in the next video