Deep learning crypto market with deep concentration. Finding the best strategy and indicators. Try to be in discipline and be in limits. 12 yrs trading experien
Today I will share some important points for futures trading.
Lets suppose we have $100
1. We only take leverage maximum to 5x to 6x. Avoid more than 6x
2. Take margin not enough $1 means at 6x we can trade any coin with $6 quantity with investing $1
3. Stop loss must be at just below support levels.
4. If coin is stable like Btc eth, average your trade. If you long on eth and eth is at 2400 and it drops to 2200, long again it at 2200, your average price will be 2300 from 2400 and close your half trade at 2310. It will make you in profits. Please do in stable coins only.
5. When funding rate is increasing negatively take long position and when increasing positively take short. Before ending funding rate time close trade because it will sudden goes opposite to you after rate time ends.
6. Set trailing stop order of 1 on your open positions at level of 1.5% or 2% atleast. It will increase more profit chances instead of TP. For example you are long at a coin with $100 price, set trailing stop order at 102, when it activates and coin goes up as much as you will get profit.
7. Set profit target like 1% daily or 5% weekly, When you achieve it. Dont trade more.
8. Dont trade when you have other tasks in mind and dont in stress.
9. If you hit stop loss, dont trade in same coin immediately. Take a break of 30 minutes before next trade in same or other coin. Dont trade when you hit 2 stop losses consecutively in same day.
10. If trading is disturbing your sleep, office work, family and social life. Dont trade on daily base. Stake stable coins or use dollar average cost method in spot trading.
The Golden Cross and Death Cross are popular technical analysis patterns used to identify potential trend reversals in trading.
Golden Cross (Bullish Signal)
A Golden Cross occurs when a short-term moving average (typically the 50-day MA) crosses above a long-term moving average (typically the 200-day MA). This indicates a potential shift from a downtrend to an uptrend and is considered a bullish signal.
Example: If the 50-day MA moves above the 200-day MA, traders may see it as a buying opportunity.
Death Cross (Bearish Signal)
A Death Cross occurs when a short-term moving average (typically the 50-day MA) crosses below a long-term moving average (typically the 200-day MA). This suggests a potential shift from an uptrend to a downtrend and is considered a bearish signal.
Example: If the 50-day MA moves below the 200-day MA, traders may interpret it as a signal to sell or short the asset.
Key Insights:
The Golden Cross suggests strong buying momentum and the start of a new uptrend.
The Death Cross signals increased selling pressure and a possible market downturn.
These patterns are more reliable on higher timeframes (e.g., daily or weekly charts) than lower timeframes.
$BNB 612 is very key level for this hour. If price close above 612 in this hour candle, may be it will cross 620 to 640 level. Take buy if it close above 612 in this hour candle. Stop loss as per your risk apitite.