🔥 Do not open any trade before reading this post! (Final Warning)
🚦 7 red signals that immediately prevent you from opening the trade:
1️⃣ The market is in an unclear area
· Red Flag:
· BTC is moving in a narrow sideways channel
· No clear direction (Holding Pattern)
· Solution: Wait for a break of resistance or support by at least 3%
2️⃣ Major news coming in hours
· Red Flag:
· US inflation report
· Central bank decisions
· Tweets from Federal Reserve officials
· Solution: Close all trades 30 minutes before the news
3️⃣ RSI indicator above 80 or below 20
· Red Flag:
· RSI > 80 (Overbought)
· RSI < 20 (Oversold)
· Solution: Wait for the indicator to return to the 50 area
4️⃣ Very low trading volume
· Red Flag:
· Trading volume less than 50% of the daily average
· Solution: Do not trade during low liquidity periods (midnight - 4 AM UTC)
5️⃣ You are not psychologically focused
· Red Flag:
- Are you tired/angry/distracted
· Lost two consecutive trades
· Solution: Ignore the app and return after 3 hours
6️⃣ Trade without Stop-Loss
· Red Flag:
· Entering a trade without defining an exit point
· Solution: Do not open the trade until you determine:
· Stop-Loss (Loss Point)
· Take-Profit (Profit Point)
7️⃣ No clear plan
· Red Flag:
· "I will enter and see what happens"
· Solution: Write an answer to:
· Why am I entering this trade?
· What is the profit target?
· What is the loss limit?
· What is the exit timeframe?
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✅ 5 "Green" trades you can enter confidently:
1. Strong break of resistance supported by trading volume
2. Bounce from major support with RSI confirmation
3. Clear technical pattern (like Double Bottom)
4. Closing a candle above/below a major level
5. Trade in line with the overall trend
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🌌 In conclusion:
"The professional trader is not afraid of missing trades... but is afraid of entering the wrong trades!" 💡
