BTC must hold this level in order to confirm the Bull move. Otherwise, BTC will go much lower. Pay attention to this area of interest.
Comment
⋅
So BTC is holding, Rules for Risk management: Take partial profits at TP1 and move stops to break even. (At this point it is a risk free trade and your pocketed some profit). Trail stops at each TP Level according to your risk tolerance.
Comment
⋅
TP1 HIT!!! Take Profits on portion of position? Moves stops to break even on remainder? Otherwise, just move stops to break even?
So BTC is holding,
Rules for Risk management: Take partial profits at TP1 and move stops to break even. (At this point it is a risk free trade and your pocketed some profit). Trail stops at each TP Level according to your risk tolerance.
Rules for Risk management: Take partial profits at TP1 and move stops to break even. (At this point it is a risk free trade and your pocketed some profit). Trail stops at each TP Level according to your risk tolerance.