Hello fellow traders,
At and below the given entries we have a cluster of MTF supports. Why classify this as a Day Trade? It is important for BTC to not spend much time at these supports. In my opinion, when we do not see a good reaction and bullish Price Action from these supports, these ideas must be invalidated and the position closed. As a result, these trades need to be monitored closely when opened. Use a Time Frame of 15m or below.
So, try to think of these ideas as a Day Trade as we want to see a relatively quick reaction. I'd close the trade when going to sleep or keep it open for a second day MAX.
Take a profit when the trade has been completed for 50% and move your stop-loss to entry.
Good luck and happy trading!
Kind regards,
n1d0
At and below the given entries we have a cluster of MTF supports. Why classify this as a Day Trade? It is important for BTC to not spend much time at these supports. In my opinion, when we do not see a good reaction and bullish Price Action from these supports, these ideas must be invalidated and the position closed. As a result, these trades need to be monitored closely when opened. Use a Time Frame of 15m or below.
So, try to think of these ideas as a Day Trade as we want to see a relatively quick reaction. I'd close the trade when going to sleep or keep it open for a second day MAX.
Take a profit when the trade has been completed for 50% and move your stop-loss to entry.
Good luck and happy trading!
Kind regards,
n1d0
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