Here's how to trade this ranging market, as well as some explanations:
1) Our stop-loss for short positions is above the last resistance on the daily chart. Breaking this resistance would invalidate this scenario.
2) I see this as a good oportunity to short because we are very close to the stop-loss above us. This means greater risk/reward ratio.
3) The areas I've highlighted in the chart were based on fibonacci ratios. Trading inside them is good because they offer a great risk/reward ratio (stop-loss on the lowest support for long, and in the latest resistance for short).
4) This is the only safe way to trade inside a ranging market. There's no point in trying to tell which direction the market will go - that's impossible. Still, that doesn't mean that is certain that the market will drop.
5) Trade based on indicators. Use what works for you: RSI, MACD, EMA's. The targets I've highlighted on the charts are the "perfect scenario"; if it happens that an indicator "tells" me to close my position before these targets are reached, I will do it.
6) Most importantly: Don't trade inside the grey area. It's too far of both stop-losses, causing it to be non-profitable.
Don't follow my strategy blindly. I'm nothing but an amateur. Keep your money safe, good evening.
1) Our stop-loss for short positions is above the last resistance on the daily chart. Breaking this resistance would invalidate this scenario.
2) I see this as a good oportunity to short because we are very close to the stop-loss above us. This means greater risk/reward ratio.
3) The areas I've highlighted in the chart were based on fibonacci ratios. Trading inside them is good because they offer a great risk/reward ratio (stop-loss on the lowest support for long, and in the latest resistance for short).
4) This is the only safe way to trade inside a ranging market. There's no point in trying to tell which direction the market will go - that's impossible. Still, that doesn't mean that is certain that the market will drop.
5) Trade based on indicators. Use what works for you: RSI, MACD, EMA's. The targets I've highlighted on the charts are the "perfect scenario"; if it happens that an indicator "tells" me to close my position before these targets are reached, I will do it.
6) Most importantly: Don't trade inside the grey area. It's too far of both stop-losses, causing it to be non-profitable.
Don't follow my strategy blindly. I'm nothing but an amateur. Keep your money safe, good evening.
매매 수동청산
Bitcoin my breakup. If so, I'm not shorting on ADA.노트
If bitcoin doesn't manage to break the 9180 resistance, I'll probably short this one.액티브 트레이드
I think this is a good entry point right now. Stop-loss would be above 3180.
노트
Wrong link, sorry. Here's the actual chart:
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면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.