MURIITHI OC
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$BTC DON'T GET STOPPED OUT BEFORE RALLY.
I took a long on $BTC with a target at VAH.
Price reversed at my entry and stopped me out before TP rally.
What would have kept me in for the trade.
1. ROUND NUMBERS. $80,000 level is a magnet and holds a lot of
liquidity, consider a good buffer of 250-350 points.
2. ATR ( Average True range) average of the last 14 candles , in points.
#bitcoin $BTC #TradingLessons #Atr #RiskManagement
$BTC DON'T GET STOPPED OUT BEFORE RALLY.
I took a long on $BTC with a target at VAH.
Price reversed at my entry and stopped me out before TP rally.
What would have kept me in for the trade.
1. ROUND NUMBERS. $80,000 level is a magnet and holds a lot of
liquidity, consider a good buffer of 250-350 points.
2. ATR ( Average True range) average of the last 14 candles , in points.
#bitcoin $BTC #TradingLessons #Atr #RiskManagement
I took a long on $BTC with a target at VAH.
Price reversed at my entry and stopped me out before TP rally.
What would have kept me in for the trade.
1. ROUND NUMBERS. $80,000 level is a magnet and holds a lot of
liquidity, consider a good buffer of 250-350 points.
2. ATR ( Average True range) average of the last 14 candles , in points.
#bitcoin $BTC #TradingLessons #Atr #RiskManagement
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