MANAGING POSITIONS is at least as important as entering, here are guidelines to follow when you are already in the game:
---
🔹 1. For swing positions (ETH, BNB – timeframes 4h–1D):
📅 How often to check:
Once after the closure of each 4h candle, which is about 5 times a day (at 6:00, 10:00, 14:00, 18:00, 22:00).
Additionally, once a day take a look at 1D and RSI / MACD – whether the trend is doing well, if there is divergence, exhaustion, or a reversal candle (e.g., pin bar, engulfing).
🎯 How to manage profit:
✅ Upward trend continues → move SL below the last higher low (4h) or below the local support level.
✅ FOMO candle (e.g., huge green wick with a breakout and high volume) → you may consider manually closing all or half of the position.
❌ Break of EMA50/200 on 4h or a strong reversal candle with volume → consider completely exiting or securing SL very close.
---
🔸 2. For day trading positions (WIF, DOGE, LINK – timeframes 1h–4h):
🕒 How often to check:
Every hour after the closure of the 1h candle.
IMPORTANT: if you have a strong move, and the price is going in your direction → monitor every 15–30 min, but do not move SL too aggressively until a reversal signal occurs.
🎯 How to manage:
If you are playing a bounce or a specific pattern (e.g., double bottom/top) → set a fixed TP (e.g., previous resistance/support).
If you are playing for trend continuation:
⏫ move SL to BE (break-even) after the first strong impulse.
🔁 then move SL below each higher low on 1h, but leave some space – do not cut the trend too tightly.
---
🧠 Golden rule:
> "Close manually only in case of emotions (e.g., FOMO, market euphoria). In other cases, let the structure and trailing SL guide you."
---
📌 Pro tips:
Consider partially realizing profits – e.g., close 50% at TP1, and let the rest run with SL.
If the 1h or 4h candle closes with a strong shadow against the trend + high volume, it is often a signal that the wave is ending.
