đđ Remember my $5,400 loss trying to 'catch tops' and 'buy bottoms'? Fighting the trend is a retail trader's direct path to liquidation. For us, riding the wave is far safer than predicting its turn. You align with market momentum, giving your trades higher probability and room to breathe.
Identifying the trend is simpler than you think. In an uptrend, look for consistent higher highs and higher lows, with price staying above your 20 or 50 Exponential Moving Average (EMA). For a downtrend, itâs the opposite: lower highs and lower lows, with price holding below the MAs.
My golden rule now, which would have saved me thousands: ONLY long in an uptrend, ONLY short in a downtrend. No exceptions. Imagine BTC steadily making new highs, moving from $68,000 to $71,500 over days, consolidating...
Identifying the trend is simpler than you think. In an uptrend, look for consistent higher highs and higher lows, with price staying above your 20 or 50 Exponential Moving Average (EMA). For a downtrend, itâs the opposite: lower highs and lower lows, with price holding below the MAs.
My golden rule now, which would have saved me thousands: ONLY long in an uptrend, ONLY short in a downtrend. No exceptions. Imagine BTC steadily making new highs, moving from $68,000 to $71,500 over days, consolidating...