#ReboundOutlook
Many traders fall into the trap of trying to pinpoint the "perfect price" for entering or exiting the market. Whether it's aiming to sell at the highest point or buy at the lowest, this approach is often futile. The markets are inherently unpredictable, and striving for perfection can lead to unnecessary frustration and missed opportunities. A more practical strategy involves focusing on logical price levels, rather than obsessing over an exact price.
A better way to approach trading is by identifying significant levels on longer timeframes. These levels serve as potential areas where the market could reverse or experience a temporary pause. Once these zones are mapped out, traders can make gradual moves, either scaling into positions or scaling out. This strategy allows you to spread risk, adjust to market fluctuations, and stay aligned with your broader trading objectives. For example, instead of committing all funds at once, you could break your position into smaller, more manageable parts and adjust as the market evolves.
My last 7 days spot trading