#MarketPullback Day trading in Bitcoin requires a smart and disciplined plan because the market is fast and sensitive. I will provide you with a step-by-step practical plan:
🧠 1. The Golden Rule
Do not enter any trade without an exit plan.
Do not risk more than 1-2% of your capital in a single trade.
Stick to discipline more than searching for the "trade of a lifetime."
📊 2. Instant Analysis Tools
Time frame: Focus on 1 minute, 5 minutes, and 15 minutes.
Helpful indicators:
EMA 9 & EMA 21: To determine the instant trend.
VWAP: To know fair price areas intraday.
RSI (14): To know overbought/oversold conditions.
OBV or volume: To confirm breakouts.
⚡ 3. Entry and Exit Strategy
📈 In an upward trend:
Wait for EMA 9 to cross above EMA 21.
Enter buy after the first bounce from the EMA line or from the VWAP.
Target: 0.5% – 1.5% of the price.
Stop loss: Below the last small swing low.
📉 In a downward trend:
Wait for EMA 9 to cross below EMA 21.
Enter sell after the bounce from resistance or the VWAP.
Target: 0.5% – 1.5%.
Stop loss: Above the last small swing high.
🕹️ 4. Capital Management
Use low leverage (2x – 5x) only,
Do not open more than 3-5 trades per day.
Close the screen if you achieve the daily target.
📌 5. Smart Additional Points
Avoid entering during important news.
Focus on high liquidity areas (support/resistance).
It is best to test the plan first on a demo account.