Discussed this $SOPH Setup in yesterday's live Perfectly exe | CRYPTO MECHANIC on Binance Square

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Discussed this $SOPH Setup in yesterday's livePerfectly executed. 

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SOPH

0.0534

-2.87%

32.4k

0

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Your frustration to make money in the market when there is no good setup can lead you to lose money. Leave your desk when you feel frustrated.

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$WIF Got rejected from the same zone.

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$VIRTUAL Breaking into new lows. I took small loss on it last week and decided not to chase unless i see a good setup. but Imagine if i was still holding it like most people hold onto their losses? This is how the majority faces Much bigger drawdowns. Managing your risk is as important as making money. Making money helps you to survive but managing risk keeps you stay in the game.

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If Bitcoin Does this, I think we will have some great opportunities in market. Why this zone? If we are really bullish, I think it should not drop below this zone so Risk and Reward will be pretty Amazing imo. Will it drop there? Doesn't have to but that's my area of interest.

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The main priority in trading is to simply survive to trade another day And you survive by “NOT trading” and knowing WHEN to trade. Sitting patiently, waiting for your setup. Managing your risk and emotions properly. Remember,you don't always need to be in a trade. But you need to be in the RIGHT trades!

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