I was wondering how to you as quickly as possible place Long or Short orders on Binance / Bybit (or any other) for 1 min interval strategies ? I mean before you calculate your stop loss / take profit one or two another min passes and very often your calculations become more or less irrelevant already.
I agree that 1 minute time frame is dangerous but not impossible in the world of crypto-trading. The volatility can be your friend if you master it because it can give you enough profit in 1 min time frame. I have seen people who do trading based on 1 min time frame and they have been earning a lot of profits with that approach. The time-frame is not an issue the traders strategy is the main thing, if it's good then even 1 min time frame can be profitable.
On the other hand there are people who do trading with only time frame that's over 4 hours and unfortunately most of them have to hold the trade for long time even with that duration. The trader who knows the secrets of the market and has mastered the volatility can earn so much from crypto trading. The thing is that such expert level traders won't teach others the way to master the volatility because in order to do that they have gone thorough many losses.
If you closely analyze the market, you'll see many instances where a coin has been pumped and then that coin had given up many profitable trades even at 1 min time frame. But, sometimes there have been coins that got pumped and still they haven't shown many good profitable trades even of 5 min time frame. That's why it's an essential thing to master the volatility if you want to delve into risky trades, otherwise it isn't recommended to trade with 1 min time frame.
To @OP like others have suggested it's very easy to set the stop loss/ and take profit with 1 min interval. I think it's possible to do such thing with Binance grid bot trading, but the thing is very risky and if you do it with 1 min interval then the chance of loss is very high. You should learn it first and do it at your own risk.