Need to exit for now just to be safe...
We entered the market as Bitcoin has shown good strength based on our trigger. However, at the moment, you could say that Bitcoin's momentum is stalling... The stop loss line is our defense in case the price goes against our way. However, I'm not saying Bitcoin is losing strength. I'm just saying its stalling... Either way, it's better to stay on the sidelines... if your not sure, it's better to stay out...
You may be wondering why I have upward slanting line for stop loss. Well, I'm a big believer of controlling your risk:reward ratio rather than trying to increase your prediction accuracy. In my opinion, you'll have better control on how you manage your trade, rather than searching for a system that's similar to a crystal ball.
Hence, that upward slanting line is sort of a "time limit' for my trades... If the price doesnt behave as expected, then it's better to stay on the sidelines...
Hit me for a private chat if you wanna know I trade or you want an easier trading strategy...
You may be wondering why I have upward slanting line for stop loss. Well, I'm a big believer of controlling your risk:reward ratio rather than trying to increase your prediction accuracy. In my opinion, you'll have better control on how you manage your trade, rather than searching for a system that's similar to a crystal ball.
Hence, that upward slanting line is sort of a "time limit' for my trades... If the price doesnt behave as expected, then it's better to stay on the sidelines...
Hit me for a private chat if you wanna know I trade or you want an easier trading strategy...
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