How to trade an 80,000 dollar breakout without chasing it at 2 in the morning. 📚
Cryptonomist reported on 4 November that the nearest daily resistance is the Bollinger midpoint at 80,407 dollars, with the upper band at 84,499 dollars and the lower band at 76,314 dollars, which gives tonight a clear map. 💡 My method is simple. First, wait for a retest, a move back toward 80,000 that holds, instead of buying the first green candle above it. Second, cut size in half for any overnight position, because a thin night market moves further on the same headline. Third, set your invalidation before you enter, a close back below 80,000 kills the breakout idea, no second guessing at 3 in the morning.
Tonight, do you wait for the retest, or chase the breakout above 80,407? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #CryptoEducation
Cryptonomist reported on 4 November that the nearest daily resistance is the Bollinger midpoint at 80,407 dollars, with the upper band at 84,499 dollars and the lower band at 76,314 dollars, which gives tonight a clear map. 💡 My method is simple. First, wait for a retest, a move back toward 80,000 that holds, instead of buying the first green candle above it. Second, cut size in half for any overnight position, because a thin night market moves further on the same headline. Third, set your invalidation before you enter, a close back below 80,000 kills the breakout idea, no second guessing at 3 in the morning.
Tonight, do you wait for the retest, or chase the breakout above 80,407? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #CryptoEducation
