TP1 reached very quickly 😊 lets go for TP2 now sometime
another trade also for #BLZ/BTC
Since its high risk because last resistance was on historical low line we will put half of our normal amount
and we will enter only if it breaks support of 185 satoshi
We buy when it breaks support line and we sell on previous wick at its 50%
#Wick is the thin line when the price shoots up and drops down like this
Also we saw some good trendline in positive for #BAT/USDT
we will get in with risk
risk = 50% of our normal volume
USDT pairs are very volatile, if BTC starts to increase price then we will definately hit our stop loss which is 7% here.
#Advice: Normally every trade should have good trade ration 3/1 this means i am risking a position, for example 100$ to make 3 times the stop loss point. So an ideal trade should be like we have Take profit at 15% and stop loss at 5%. So we risk an amount to make 3 times the profit of our stop loss point. Even if we miss some trades this is a good strategy cause we need to hit 1 good trade to cope with our 3 bad trades.
#Advice: Normally every trade should have good trade ration 3/1 this means i am risking a position, for example 100$ to make 3 times the stop loss point. So an ideal trade should be like we have Take profit at 15% and stop loss at 5%. So we risk an amount to make 3 times the profit of our stop loss point. Even if we miss some trades this is a good strategy cause we need to hit 1 good trade to cope with our 3 bad trades.