The above chart is based on symbol BTCUSDT - Binance.
Alerts have been set below each zone and prior to vertical times. When the alerts fire further techincal analysis will happen prior to entering a trade.
The trading plan is to ladder entry within zone once the first 15 minute candle has closed within the zone.
Stoploss(SL) is at 1.25%.
Risk Management is always important. Let the trade come to you.
Take Profits(TP) at 1% increments.
First TP1 will have a higher percentage of take profit.
If/when TP1 is hit, SL will be move to entry.
Do Techincal Analysis(TA) stick to your plan, let the trade come to you, and don't FOMO, if your plan does not come to fruition (not hit) then you have not lost any money, have a SL to ensure best practice so you can continue trading, journal your trade for self development and reflection.
Alerts have been set below each zone and prior to vertical times. When the alerts fire further techincal analysis will happen prior to entering a trade.
The trading plan is to ladder entry within zone once the first 15 minute candle has closed within the zone.
Stoploss(SL) is at 1.25%.
Risk Management is always important. Let the trade come to you.
Take Profits(TP) at 1% increments.
First TP1 will have a higher percentage of take profit.
If/when TP1 is hit, SL will be move to entry.
Do Techincal Analysis(TA) stick to your plan, let the trade come to you, and don't FOMO, if your plan does not come to fruition (not hit) then you have not lost any money, have a SL to ensure best practice so you can continue trading, journal your trade for self development and reflection.