breakdown important horizontal support now it will act as resistance you can look for short opportunity here its a swing trade because btc at resitance area if btc falls it will dump hard
1. If you can't stop staring at your position, cut it 2. Always take a break after every major profit or loss. 3. Let your brain adapt to your current financial status. 4. Learn from your mistakes. Otherwise, you will be stuck in a loop. 5. A kol doesn't have 2 brains. He is just like you, a human. So if he can do it, so can you. 6. Be easy on yourself. You were not born with a trading degree. 7. Never give up
Always keep in Mind Tading is slow and steady Process Be a trader not a gambler
Bitcoin continues it's run towards all time high.Retested the area of 60.7k-61.1k as expected and now running to meet the all time high zone or possibly for a new all time high.We might see some sell pressure and some possible retracement at 68k-69k zone as it's running on up only mode.Trading in alts is risky as money will flow slowly in alts and if BTC suddenly starts to retrace then alts might down 20-30% overnight.Trade within the levels and manage your risk accordingly. Trade Safe !!!
i am sharing chart 1st understand then take any action dont follow blindly
i am not financial Advisor.Your Money your decision. I think fil will go up due to following reasons 1) daily bias bullish 2) trendline breakout 3) retest successful and now consolidation above trendline
Always trade with some logic not blindly follow anyone
1. CHECK BTC DOMINANCE , TOTAL 1 2 3 ALWAYS.
2. Now Think it is a beginning for you Funding rates are back to normal you cought early break outs than you hold your positions add to them after confirmation.
3. Hold Trades when you are too early like 90% Of the traders Futures trading is to trade spot trading is to hold.
4. Take profits wherever you think its a key area doesn’t matter it closes above or below 60 - 70% it will dip after grabbing liq.
5. Always use sl on entry incase any disaster happens like today many of you got liquidated.
6. 80 - 90% chances it will pump before dumping more so you will always have ample chance to take profits and chill.
7. Murphy law - The most Unexpected thing happens on unexpected times , when you were cautious the market didn’t dump you missed the pumps then you start realising that you are missing the pumps then you fomo entered & made good profits then you added more still making a lot of money , you are too much exited increased your take profit targets and boom market dumped 30% you are out Congratulations you are liquidated this happened with 90% of the traders i can bet * Note - Take a notebook write your mistakes make some rules , without rules imagine the whole world 💀 No rules No discipline
👉🏻 According to statistics , 90% traders can't control their emotions
-They get greedy, so they break their rules
-They get fearful, so they miss opportunities
-They get impatient, so they make bad mistakes
-They get depressed, so they give up
The MAIN difference between successful traders and those who aren't is that they have the ability to control their emotions which gives them an incredible edge.
What we see on the chart is essentially a representation of traders emotions - master your mind then you will master the markets.