1. You are trading Bitcoin in spot. On a daily chart, the price is at a historical support, but there is an unfilled Fair Value Gap (FVG) just below. Additionally, the RSI shows oversold conditions. What do you do to decide your entry?
a) Buy immediately because support and the RSI indicate a bounce
b) Wait for the price to fill the FVG, confirm with volume, and then enter if the support remains valid
c) Do not trade because the FVG makes you doubt the support
2. You are in Ethereum futures with 5x leverage. On a 4-hour chart, the price breaks a resistance (Break of Structure - BOS) with high volume, but it is close to a 200-day moving average that has acted as resistance before. How do you handle the situation?
a) Enter long because the BOS confirms the bullish trend
b) Check if the 200-day moving average remains a strong resistance, analyze the volume of the breakout, and adjust your stop loss according to leverage
c) Do not trade because the moving average makes you doubt the breakout
3. You are trading Cardano in spot. On a weekly chart, the price retraces to the 61.8% Fibonacci level after a bullish trend, but on the 1-hour chart, there is a bearish Change of Character (CHOCH) with a rejection candle. What do you do to make a decision?
a) Buy because the Fibonacci level is a good entry point and the CHOCH does not matter on the 1-hour chart
b) Analyze if the CHOCH on the 1-hour chart indicates a temporary correction, look for confluence with other levels on the weekly chart, and decide your entry
c) Do not trade because the CHOCH makes you doubt the Fibonacci retracement
4. You have a short position in Solana futures with 10x leverage. On a 4-hour chart, the price respects a resistance and forms a double top pattern, but on the 15-minute chart, there is a bullish unfilled FVG. How do you decide whether to hold the position?
a) Maintain the short position because the double top and the resistance are strong signals
b) Check if the FVG on the 15-minute chart can attract the price upwards, analyze the volume of the double top, and adjust your stop loss
c) Close the position because the FVG makes you doubt the resistance
5. You are trading XRP in spot. On a daily chart, the price is in a downtrend and approaching a support, but there is a bullish crossover of the 50 and 200-day moving averages. Additionally, the RSI is at 45 (neutral). What do you do to evaluate your entry?
a) Buy because the crossover of moving averages indicates a change in trend
b) Analyze if the support is strong, review the volume of the moving average crossover, and wait for an RSI confirmation before entering
c) Do not trade because the neutral RSI and the downtrend make you doubt
6. You are in BNB futures with 8x leverage. On a 1-hour chart, the price forms a descending wedge pattern with a bullish breakout, but it is near a historical resistance. Additionally, there is an unfilled bearish FVG below. How do you manage the risk?
a) Enter long with all your leverage because the wedge is a bullish signal
b) Evaluate if the historical resistance can halt the breakout, analyze if the FVG can attract the price, and adjust your leverage to reduce risk
c) Do not trade because the resistance and the FVG make you doubt the wedge
7. You are trading Polkadot in spot. On a monthly chart, the price is in a bullish trend and retraces to a 50% Fibonacci level, but on the 4-hour chart, there is a bearish CHOCH with low volume. What do you do to decide your entry?
a) Buy because the Fibonacci level on the monthly chart is more important than the CHOCH on the 4-hour chart
b) Check if the CHOCH on the 4-hour chart has significant volume, look for confluence with other levels on the monthly chart, and decide if you wait for a better entry
c) Do not trade because the CHOCH makes you doubt the Fibonacci retracement
8. You have a long position in Avalanche futures with 12x leverage. On a 4-hour chart, the price breaks a support (bearish BOS), but on the 15-minute chart, there is a double bottom pattern with volume. Additionally, the RSI is in oversold territory. How do you decide whether to hold or close?
a) Close the position because the bearish BOS indicates that the trend has changed
b) Analyze if the double bottom on the 15-minute chart and the oversold RSI suggest a bounce, review the volume of the BOS, and adjust your stop loss
c) Maintain the position because you trust that the price will recover
9. You are trading Chainlink in spot. On a daily chart, the price is in an ascending channel and approaching the upper line, but on the 1-hour chart, there is a bearish crossover of the 20 and 50-day moving averages. Additionally, there is an unfilled bullish FVG above. What do you do?
a) Sell because the bearish crossover of moving averages indicates a correction
b) Evaluate if the ascending channel remains intact, analyze the volume of the crossover on the 1-hour chart, and consider if the FVG can push the price upwards
c) Do not trade because the crossover and the FVG make you doubt the channel
10. You are in Dogecoin futures with 20x leverage. On a 1-hour chart, the price forms a head and shoulders pattern with a bearish breakout, but on the 5-minute chart, there is a bullish BOS with volume. Additionally, the price is near a 78.6% Fibonacci level. How do you decide?
a) Enter short with all your leverage because the head and shoulders is a clear signal
b) Check if the BOS on the 5-minute chart and the Fibonacci level suggest a bounce, analyze the volume of the head and shoulders breakout, and adjust your risk
c) Do not trade because the conflicting signals confuse you
Responses:
b) Wait for the price to fill the FVG, confirm with volume, and then enter if the support remains valid
b) Check if the 200-day moving average remains a strong resistance, analyze the volume of the breakout, and adjust your stop loss according to leverage
b) Analyze if the CHOCH on the 1-hour chart indicates a temporary correction, look for confluence with other levels on the weekly chart, and decide your entry
b) Check if the FVG on the 15-minute chart can attract the price upwards, analyze the volume of the double top, and adjust your stop loss
b) Analyze if the support is strong, review the volume of the moving average crossover, and wait for an RSI confirmation before entering
b) Evaluate if the historical resistance can halt the breakout, analyze if the FVG can attract the price, and adjust your leverage to reduce risk
b) Check if the CHOCH on the 4-hour chart has significant volume, look for confluence with other levels on the monthly chart, and decide if you wait for a better entry
b) Analyze if the double bottom on the 15-minute chart and the oversold RSI suggest a bounce, review the volume of the BOS, and adjust your stop loss
b) Evaluate if the ascending channel remains intact, analyze the volume of the crossover on the 1-hour chart, and consider if the FVG can push the price upwards
b) Check if the BOS on the 5-minute chart and the Fibonacci level suggest a bounce, analyze the volume of the head and shoulders breakout, and adjust your risk
I hope these questions have challenged you and, above all, helped you look at your trading from a new angle. My intention is that each scenario makes you think, inspires you to improve, and brings you a little closer to being the trader you want to be. Keep learning, adjusting, and growing, because the trading path is as exciting as you decide to make it! 🚀 What did you think of the quiz? Let me know your thoughts! 😊
