Night strategy 🌃: How to take advantage of the high volatility of the New York open at the end of the trading day: $ETH
Step 1: Identify the afternoon consolidation range. The hours leading up to the close often accumulate orders within a tight range; clearly mark those support and resistance levels.
Step 2: Watch the volume in the last hours of the session. If there’s a sudden spike in volume without a clear direction, the safest assumption is that it’s a trap to shake out retail traders before the strong move.
Step 3: Protect your capital with a properly set stop loss. Trading during the transition into the early morning requires precise risk management to avoid unpleasant surprises while you sleep.
Would you rather close everything before midnight and sleep with no open positions, or leave scheduled orders set to catch the bounces? I’m reading your comments! 👇
#ETH #cryptotrading #BinanceSquare
Step 1: Identify the afternoon consolidation range. The hours leading up to the close often accumulate orders within a tight range; clearly mark those support and resistance levels.
Step 2: Watch the volume in the last hours of the session. If there’s a sudden spike in volume without a clear direction, the safest assumption is that it’s a trap to shake out retail traders before the strong move.
Step 3: Protect your capital with a properly set stop loss. Trading during the transition into the early morning requires precise risk management to avoid unpleasant surprises while you sleep.
Would you rather close everything before midnight and sleep with no open positions, or leave scheduled orders set to catch the bounces? I’m reading your comments! 👇
#ETH #cryptotrading #BinanceSquare