BitcoinUpdated BTCUSD Non-Trending(Side-ways)
I don't see trends in this chart and can easily say the market is not trending and is sideways.
I have defined 3 supports and 3 resistances and can play around to book some profit.
I'll book two types of orders here buy stop and sell stop to capitalize if it goes either way.
Total Order = 2 with 2% risk each.
For each order two trades with 1% risk each for TP1 and TP2:
Order#1:
SL: 29335
EP: 29400
TP1: 29465
TP2: 29530
Size / No of Coins: 1.55
Order#2:
SL: 29065
EP: 29020
TP1: 28975
TP2: 28930
Size / No of Coins: 0.30
I have defined 3 supports and 3 resistances and can play around to book some profit.
I'll book two types of orders here buy stop and sell stop to capitalize if it goes either way.
Total Order = 2 with 2% risk each.
For each order two trades with 1% risk each for TP1 and TP2:
Order#1:
SL: 29335
EP: 29400
TP1: 29465
TP2: 29530
Size / No of Coins: 1.55
Order#2:
SL: 29065
EP: 29020
TP1: 28975
TP2: 28930
Size / No of Coins: 0.30
Note
There is slight mistake in the order no of BTC would be 2.3:Order#2:
SL: 29065
EP: 29020
TP1: 28975
TP2: 28930
Size / No of Coins: 2.3
Trade closed: target reached
SELL STOP Order Profit booked TP1 and TP2 hit successfully.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.