CRYPTO MECHANIC
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Missed the initial move on a coin ? No problem
One of the easiest way to trade when you miss the initial move on a coin is:
1- Wait for the price to consolidate around the high
2- Draw a line on the that high
3- Enter when the price will close a candle above ( Depending on the timeframe you're watching)
4- Continue to ride it towards the next possible level.
Where will be your invalidation ?
The same area that you choose for your buy will be your invalidation
if the candle close back inside that high, this means the breakout is fake and now you should be managing your risk and exit the trade.
This works on every coin or timeframe. Each timeframe shows you a different picture and produce different results.
Read the detail on both pictures.
Good Luck & Keep learning
One of the easiest way to trade when you miss the initial move on a coin is:
1- Wait for the price to consolidate around the high
2- Draw a line on the that high
3- Enter when the price will close a candle above ( Depending on the timeframe you're watching)
4- Continue to ride it towards the next possible level.
Where will be your invalidation ?
The same area that you choose for your buy will be your invalidation
if the candle close back inside that high, this means the breakout is fake and now you should be managing your risk and exit the trade.
This works on every coin or timeframe. Each timeframe shows you a different picture and produce different results.
Read the detail on both pictures.
Good Luck & Keep learning
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.