Identify the overall market trend (Bullish, Bearish, Sideways).
#CryptoMarket4T #BinanceHODLerC
Example: Bitcoin is in an uptrend, trading above the 200 EMA on the 4H chart.
🎯 2. Trigger
Look for a specific signal to enter the trade, like a breakout or reversal pattern.
Example: ETH breaks resistance at $3,200 with high volume — this is the trigger to buy.
💰 3. Trade
Execute the trade based on the trigger.
Example: Buy ETH at $3,210 after breakout confirmation.
🎯 4. Target
Set a clear target and stop loss to manage risk.
Example:
Target 1: $3,400
Target 2: $3,500
Stop Loss: $3,150