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Crypto Scalper1
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both scenarios are Infront of you trade accordingly
wait for candle close above or below the resistance line.
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if the candle closes below 6.24 there is no chance you should close.this a buyer zone there is a chance that buyers may activate.
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**Top 10 Key Points for Trade Management in Crypto**: Note down and keep looking them whenever you start trading because every time you trade your emotions also involved in it and it is pretty natural but you can avoid them by apply these rules.Strictly follow them. 1. **Define Entry and Exit Criteria** * Set clear rules for entering and exiting trades (e.g., technical indicators, news, patterns). 2. **Risk-to-Reward Ratio** * Only take trades with favorable risk/reward (e.g., 1:2 or better). 3. **Position Sizing** * Use a fixed percentage of your capital per trade (e.g., 1–2%) to manage risk. 4. **Stop-Loss Orders** * Always set a stop-loss to limit potential losses and avoid emotional exits. 5. **Take-Profit Targets** * Set predefined profit-taking levels to lock in gains. 6. **Trailing Stops** * Use trailing stops to secure profits while allowing room for upside. 7. **Avoid Overtrading** * Stick to your strategy; don’t chase the market or trade based on emotions. 8. **Review and Log Trades** * Keep a trading journal to analyze what works and refine your system. 9. **Adapt to Market Conditions** * Adjust strategies between trending and ranging markets (e.g., switch from breakout to mean reversion). 10. **Stick to a Trading Plan** * Have a written plan and follow it strictly—avoid impulsive decisions.
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