Why STEEM Is a Good Investment For Scalp Trading
According to indications, this week does appear to be a very positive week for cryptocurrency. BTC has already surpassed the $31,000 threshold! a wonderful accomplishment! Who knows, during the next few days, we might actually witness anything taking place. We should probably think twice before heating the floor because we have seen what has occurred to this kind of pump over the past few weeks. I'm just watching the space now with no real expectations.
I've spent the previous few weeks studying the market. Given that I am keen to enter the market with full force. I therefore wish to review the up and down trend of cryptocurrency. Yes, I am aware of the situation and all the risks involved in taking this action. That's why I've been practicing trading, and so far I've had a 70% success rate (approximately).
Now, I've learned my lesson and have been concentrating on STEEM-based enterprises instead of chasing after the extremely lucrative offers given by other crypto projects.
I've been doing everything I've been doing for the past few weeks, and so far I'm feeling quite good about it. The computations have so far added up very quickly thanks to the most recent pump (BTC rising upward).
Let's discuss about STEEM. As you can see from the weekly charts, STEEM hit a lower low of 0.168. (approx). Imagine if I had used $1,000 to purchase STEEM at a price of $0.168. I would have gotten about 6067.9 STEEM. If I had sold them at that price during the last STEEM spike to $0.199, I would have made a profit of almost $200. All of this transpired in the course of one week.
This could have been some easy profits for me given the present situation, which involves BTC suddenly spiking and forcing practically every coin to follow its lead. But, given how the market was behaving, things could have been lot worse had STEEM dropped much lower than its weekly low. Although it was a risk, the rewards are thought to be far higher.
Conclusion
In conclusion, there are endless ways to earn respectable returns from investments with the right platforms and initial position. The people on this chain make it easier to rely on STEEM, which is a really good alternative to keep an eye out for. I am eagerly anticipating the realization of my demo trades, and I am interested to see how the year 2023 turns out for me and for everyone.