BTC Zones of Interest with potential short and long trade
The above chart is based on symbol BTCUSDT - Binance.
Alerts have been set at each zone. When the alerts fire further techincal analysis will happen prior to entering a trade.
The trading plan is to enter a trade within the circle red for short green for long.
Stoploss(SL) is at 1.25%.
Risk Management is always important. Let the trade come to you.
Take Profits(TP) at 1% increments.
If/when TP1 is hit, SL will be move to entry.
Do Techincal Analysis(TA) stick to your plan, let the trade come to you, and don't FOMO, if your plan does not come to fruition (not hit) then you have not lost any money, have a SL to ensure best practice so you can continue trading, journal your trade for self development and reflection.
Alerts have been set at each zone. When the alerts fire further techincal analysis will happen prior to entering a trade.
The trading plan is to enter a trade within the circle red for short green for long.
Stoploss(SL) is at 1.25%.
Risk Management is always important. Let the trade come to you.
Take Profits(TP) at 1% increments.
If/when TP1 is hit, SL will be move to entry.
Do Techincal Analysis(TA) stick to your plan, let the trade come to you, and don't FOMO, if your plan does not come to fruition (not hit) then you have not lost any money, have a SL to ensure best practice so you can continue trading, journal your trade for self development and reflection.
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