How I Made 669% Profit in Just Two Trades Using Stochastic RSI!

Summary:

669% Profit Strategy: Achieved a 669% profit using Stochastic RSI on TradingView, but default settings won’t yield the same results.

Custom Setup: Use two Stochastic RSI indicators on the TAO/USDT pair, with one set to a Weekly timeframe and another with adjusted settings for better signals.

Buy/Sell Signals: Buy when Stochastic RSI drops below 20, sell when it rises above 80, and add a third Daily Stochastic RSI for precise entry timing.

Real-life Example: Earned 429% profit in one month and 185% in another using this strategy.

Pro Tip: In bearish markets, use a Cycle indicator to avoid false signals and identify true market bottoms.

Yes, you read that right — six hundred sixty-nine percent! And no, I didn’t invest in early rounds or trade meme tokens. I simply used a powerful, free tool called Stochastic RSI.

But here’s the catch: the default settings won’t get you those gains. Let me show you what worked for me.

Step 1: The Setup

Open TradingView and pull up the TAO/USDT pair on MEXC;
Switch to a 4-hour timeframe and add the Stochastic RSI indicator twice.

Now, let’s tweak those settings:

First Stochastic RSI: Change the timeframe to Weekly. This helps you spot long-term market trends, showing you where the real highs and lows are.
Second Stochastic RSI: Adjust the RSI and Stochastic Length both to 9 and set the timeframe to Weekly as well. This makes the indicator more responsive, giving you clearer buy and sell signals.

Step 2: When to Buy and Sell

Here’s the secret sauce:

Buy when Stochastic RSI drops below 20.
Sell when it climbs above 80.

But wait—there’s more! To perfect your entry, add a third Stochastic RSI with a Daily timeframe. This lets you pinpoint the best time to jump in.

My Success Story

On October 16th, I bought $TAO at $47.13 when both the Weekly and Daily Stochastic RSI were below 20. Fast forward a month, the Weekly Stochastic RSI hit 100, and $TAO's price surged fivefold! I sold at $249—a 429% profit!

Then, on January 8th, 2024, I did it again. I bought $TAO at $244 using the same strategy. Despite a small dip, I held on and sold in March at $697—an additional 185% profit!

The Key to Success: Patience and Timing

The Stochastic RSI is powerful, but timing is everything. In bearish markets, the Weekly Stochastic RSI can linger below 20 for months, so how do you avoid false signals? I recommend adding a Cycle indicator to help you spot the true bottoms.

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Thanks for reading!