➡️Hey Traders! To succeed in futures trading, strict risk management is essential. Always allocate only 10% of your wallet per trade. Start with 5% on your initial entry and 5% on your secondary entry. For example, if you have $100 in your wallet, limit your investment to $10 per trade (meaning $5 on the first entry and $5 on the second). Sticking to this 10% rule is key!
➡️When you reach your target, adjust your stop loss (SL) to the entry price. If further targets are hit (e.g., Target 2 or T
The "Hanged Man" candlestick formation appears in an uptrend, and signals its imminent change to a downtrend. This candlestick, has a small short body and a long lower shadow. There should be no upper shadow at all, or it should be very short. The colour of the candle does not play a special role, but on small timeframes, the model with a red candle will be stronger.
The candlestick formation "Hanged Man" can be identified by three main features: 1. The body is at the top of the price range. The colour of the body does not matter. 2. The lower shadow is twice as long as the body. 3. The candle has no upper shadow or it is very short.
Also, be sure to wait for a bearish confirmation candle.
A pair of "Hanged Man", is a candlestick pattern known as "Inverted Hammer". The point of this Japanese candlestick pattern is, on the contrary, to buy, as it is formed during a downtrend, indicating that it will soon change to an uptrend.
Exchanges often calculate the market value of an asset with an order book. This is where it collects all the offers to buy and to sell from its users. You might submit an instruction that looks like the following: Buy 800 BTC at $4,000, for example. This is added to the order book, and it will be filled when the price reaches $4,000.
Maker (Post Only) Order like the one described requires that you announce your intentions ahead of time by adding them to the o