🔥🔥Play the safety card
For me, there is no perfect way to trade; however, we can play the card of vigilance. It involves exploiting a breakout strategy on a volatile crypto pair like BTC/USDT. The idea is to wait for the formation of a narrow range after a strong trend, then place two stop orders: a buy stop slightly above resistance and a sell stop below support. Thus, regardless of the direction of the breakout, the trader can capture the impulsive movement. Risk management is crucial: a tight stop-loss limits losses if the signal fails, while a profit-taking target based on a risk/reward ratio of 1:2 or 1:3 maximizes potential. And more importantly, having skills, discipline, patience, and good capital management remains essential.