BTC Example for Beginners! 👇
Look at my 1H chart:
1. BTC was at 83,304$ (24h High) and dumped to 82,285$ yesterday.
2. Now price is 82,830$ and trying to recover.
3. In the chart, I marked a LONG position:
- Entry: ∼82,830 (where we are now)
- Take Profit (Green box): 84,391 - If it goes there, we take profit.
- Stop Loss (Red box): ∼82,600 - If it falls there, we cut loss small.
Simple example: Like buying rice at low price and waiting to sell at 84k. If price goes wrong way, we sell quickly at 82.6k to avoid big loss.
This is how Risk Management works! Not financial advice. $BTC $ETH $BNB
Look at my 1H chart:
1. BTC was at 83,304$ (24h High) and dumped to 82,285$ yesterday.
2. Now price is 82,830$ and trying to recover.
3. In the chart, I marked a LONG position:
- Entry: ∼82,830 (where we are now)
- Take Profit (Green box): 84,391 - If it goes there, we take profit.
- Stop Loss (Red box): ∼82,600 - If it falls there, we cut loss small.
Simple example: Like buying rice at low price and waiting to sell at 84k. If price goes wrong way, we sell quickly at 82.6k to avoid big loss.
This is how Risk Management works! Not financial advice. $BTC $ETH $BNB