cytlunix
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read until the end 💸💸💸
for those of you who are confused about how to determine a safe stop loss and take profit, look at the picture below, it is resistance support, most traders use that method/they usually call it SNR (you can search dj youtube) for a clearer explanation, so the red one is support and yellow is resistance and the chart will find it difficult to penetrate both barriers and if one is penetrated, it will touch the new ath if the yellow one is redeemed, the market tends to go up and if it is red, the market tends to go down but that is not 100% accurate so you can combine it using your other analysis techniques of course and rather than just buying and selling, isn't this method good enough to be used as a basis
+++ entry in red if long/waiting for signs of a break stop loss below the line tp gradually 1/2/3 try when it is tp 1 move the stop loss to the purchase price so that when an unexpected situation occurs we are still calm and can profit
entry yellow in short put the stop loss above yellow/waiting for signs of bearish but gradually like stop loss is better for a little every day than one day rich then another day become homeless
=> note this method applies to the correction trend
for bullish and bearish trends you can use fibonacci
$BTC $XRP $BNB
for those of you who are confused about how to determine a safe stop loss and take profit, look at the picture below, it is resistance support, most traders use that method/they usually call it SNR (you can search dj youtube) for a clearer explanation, so the red one is support and yellow is resistance and the chart will find it difficult to penetrate both barriers and if one is penetrated, it will touch the new ath if the yellow one is redeemed, the market tends to go up and if it is red, the market tends to go down but that is not 100% accurate so you can combine it using your other analysis techniques of course and rather than just buying and selling, isn't this method good enough to be used as a basis
+++ entry in red if long/waiting for signs of a break stop loss below the line tp gradually 1/2/3 try when it is tp 1 move the stop loss to the purchase price so that when an unexpected situation occurs we are still calm and can profit
entry yellow in short put the stop loss above yellow/waiting for signs of bearish but gradually like stop loss is better for a little every day than one day rich then another day become homeless
=> note this method applies to the correction trend
for bullish and bearish trends you can use fibonacci
$BTC $XRP $BNB
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