📉📈 Ever felt like you were just guessing? I did, and it cost me $5,400. That's why real S/R is so powerful. Forget every tiny wiggle; real support and resistance are significant turning points on higher timeframes (4H, Daily), levels tested multiple times. When BTC breaks past an old resistance, say $60,000, and retests it, that level often flips to new support. This happens because sellers who got trapped at $60K are now eager to buy back at "break even," creating demand.
For an entry, I'd wait for BTC to clearly hold $60,000. Enter at $60,100, placing my stop just below, perhaps $59,800. My target? The *next* significant resistance, say $62,500. This provides a measurable risk/reward *before* you enter, giving you conviction, not just hope.
#FuturesTrading #TechnicalAnalysis #PriceAction #TradeSmart #RiskManagement
For an entry, I'd wait for BTC to clearly hold $60,000. Enter at $60,100, placing my stop just below, perhaps $59,800. My target? The *next* significant resistance, say $62,500. This provides a measurable risk/reward *before* you enter, giving you conviction, not just hope.
#FuturesTrading #TechnicalAnalysis #PriceAction #TradeSmart #RiskManagement