$BTC
69k6 is still a key resistance level on the journey to conquer 75-84k of #btc. , so when executing a sell, traders should set a stop loss at the breakout position of 69k6.
The market has stuffed the bullish mindset through the spring jump of 3k5-4k$BTC with pullback candles. Such movements may have been effective as the survey results show 73% believe the market is bullish.
Price increases and decreases are probabilistic, and market rules adhere to the 80/20 game rule. As a trader, the pursuit of legitimate profit coupled with low costs is the top criterion used.
From the price movements of #btc in recent days, it shows that the sell threshold from 68k3-69k480 is suitable for a cost of tl 69k6. x100 or x50, x10, x20 depending on your profit plan within your liquidation risk management capabilities.
If #MarketDownturn buys at 15k5 as the bottom, then selling at 69k-74k is also a great way to catch a reverse bottom. The power of x5 x10 will allow traders to optimize debt leverage successfully. Every method needs careful calculation to have the best winning strategy.
A simple example: if you have $10k when using x10 leverage for a $2k position, then at 60k6 you will have $2k profit. Risk calculation is #btc reaching 103k, you will lose $10k.
This is just an example of the best use of debt leverage. To have a perfect strategy, a clever fund management plan is needed.