Siddharth Giri

🚨Biggest #Trading Mistake🚨

Suppose you start trading with $1000 and you decided to risk 5% ($50) per trade.

You open a trade after confirmation but the trade hit stop-loss. You open another trade after confirmation but this trade hit stop-loss again.

After two continuous losses, your balance is $900 & you start panicking & your mind forces you to take the wrong decisions.

Now you start thinking about recovering your losses instead of making a profit & to recover the loss your mind forces you to open another trade.

You open another trade without confirmation & this time you take a higher risk because your mind is forcing you to do so. The trade hit stop-loss again.

💔Your mind keeps forcing you & you keep doing the same mistake again & again & you end up with a $0 balance after a few more trades. #BinanceTournament

#BTC - UPDATE ✅

As mentioned in the previous post, I was in Long Position because of H1 Demand. Today, I closed my Long at 115158 below Monday High.

Now, waiting for the next setup. I will share when I will be opening a new position.

#BTC - Took the liquidity below H1 Demand.

If BTC claims above the demand, we should bounce to 117k otherwise we'll see a new low.

I am already Long with SL below 111.2k.

#ETH - UPDATE ✅

As mentioned in the previous post, ETH almost reached the short target.

Now, I am waiting for confirmation before opening new Long Position.

#ETH - Bearish RSI Divergence in Daily.

I am expecting a retest to 3300 and if $ETH closes above 3950, down scenerio will be invalidated.

#BTC - Reached The Daily FVG.

If Price is still bullish, it should hold here and we can expect a bounce to 120k.

My previous idea didn't work. I mentioned in the previous post that I am expecting a bounce to 121k but price rejected from 120k, which was like a fakeout of the trend line but this time I think FVG will hold.

#BTC - Looks Like 121k and Higher is possible today.

Price closed above the trend line in H4 and Previous H12 candle close is also very bullis

UPDATE - Looks like BTC will bounce without taking liquidity.

ALTs are also looking very bullish.

#BTC - Currently, consolidating above EMA50 in H4 but I am expecting, $BTC will take liquidity below 15.7k and 15.2k before going up.

15.2k is also daily FVG.

Today is Sunday so I think we will also get Sunday Night Pump but after taking the liquidity.

Let's see what happens.

Thank You #Binance for the 8th Year #SwagBox 😍

UPDATE ✅

Bounced around 5% after filling at the limit price but I closed little bit above entry because BTC started rejecting.

#MKR - Closed above the trend line, which is a perfect setup for Long.

The MKRBTC pair is also looking good, which makes the USDT pair more bullish.

However, Monday's PA will decide how alts will behave. If #BTC dumps more than expected on Monday, this MKR setup will be invalidated.

UPDATE: I closed for around 1R Profit.

Setup is still valid but I closed it because PA is very choppy.

#BTC - Took the liquidity above H4 range high and rejected and closed below H1 Trend line.

I think we're going to get a pull back soon. I am already in a short position with TP1 at 106k and TP2 at 104.5k.

Note: This setup will be invalidated if $BTC closes above 108k.

Stopped Out ❌

After sweeping the Mon-Low, m5 candle close was bullish, which was the trigger to enter Long but price kept dumping.

I should have waited for MSB in m5 or m15 before opening position.

#BTC - If Mon-Low will Hold, this setup is valid.

Let's see what we get, but I am expecting bounce.

✅I hope you trusted the setup and open a long position.

As shared in the setup, price retested the bottom line again and bounced almost 2.5k.

I entered $BTC Long earlier and when I was sharing the setup price already bounced but the setup is still valid.

#BTC USDT - Consolidating in a range with Bullish RSI Divergence.

I think we can get a Sunday Scam Pump. 🚀

Trading Tips:

You can’t control the market, but you can control how much you’re going to lose in one trade.

✅ Always use Stop Loss.