Hello friends, I hope you are doing well. About btcusdt,
I think there are four scenarios that have been specified by different colours on chart.
I think the scenarios that have been specified by green and red have more possibility, the yellow one has the least possibility but nothing is impossible and that's why we insist on setting Stop loss and calculating suitable size for each position. If you don't set Stop loss or don't calculate size of position, you have no chance to be successful. I know it's a basic subject but when we see lots of traders faced liquidation, we should remind some points. If you did set Stop loss, calculated suitable size then faced liquidation after entering some positions, it means most of your ideas were wrong so you must change your strategy or learn more about trading. Always set stop loss, don't let them take ur money easily.
Never trade based on my idea.
I think there are four scenarios that have been specified by different colours on chart.
I think the scenarios that have been specified by green and red have more possibility, the yellow one has the least possibility but nothing is impossible and that's why we insist on setting Stop loss and calculating suitable size for each position. If you don't set Stop loss or don't calculate size of position, you have no chance to be successful. I know it's a basic subject but when we see lots of traders faced liquidation, we should remind some points. If you did set Stop loss, calculated suitable size then faced liquidation after entering some positions, it means most of your ideas were wrong so you must change your strategy or learn more about trading. Always set stop loss, don't let them take ur money easily.
Never trade based on my idea.
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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.