[Day Trades] BTCUSD long from MTF support
Hello fellow traders,
At and below the given entries we have a cluster of MTF supports. Why classify this as a Day Trade? It is important for BTC to not spend much time at these supports. In my opinion, when we do not see a good reaction and bullish Price Action from these supports, these ideas must be invalidated and the position closed. As a result, these trades need to be monitored closely when opened. Use a Time Frame of 15m or below.
So, try to think of these ideas as a Day Trade as we want to see a relatively quick reaction. I'd close the trade when going to sleep or keep it open for a second day MAX.
Take a profit when the trade has been completed for 50% and move your stop-loss to entry.
Good luck and happy trading!
Kind regards,
n1d0
At and below the given entries we have a cluster of MTF supports. Why classify this as a Day Trade? It is important for BTC to not spend much time at these supports. In my opinion, when we do not see a good reaction and bullish Price Action from these supports, these ideas must be invalidated and the position closed. As a result, these trades need to be monitored closely when opened. Use a Time Frame of 15m or below.
So, try to think of these ideas as a Day Trade as we want to see a relatively quick reaction. I'd close the trade when going to sleep or keep it open for a second day MAX.
Take a profit when the trade has been completed for 50% and move your stop-loss to entry.
Good luck and happy trading!
Kind regards,
n1d0
Dagangan aktif
This trade is now active.Dagangan ditutup secara manual
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.