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Told you a few hours ago that the $BTC bottom was close. - $BTC is above the base line (Daily Bollinger Bands) - $BTC touched the yellow line in the Mayer Multiple -Retest of the ATH of 2021 again Was I able to help you? If so, show a little love fam💙
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How to manage risk ? If u have 1000$ in your account , decide how much u can afford to lose first . Lets say, u can afford 10$ loss for each trade . so your position size for the above trade would be = 10$ / % of sl (here it is 3.35%) * 100 = 298.5$ approx will be your position size . Now you can take 29.5$ in 10X leverage or 59$ in 5X (CROSS mode) Position size = Margin x Leverage Doesn't matter what leverage u take if u r in CROSS mode, just keep position sizing under control as said. Bonus tips: Always move your sl to entry after 1.5R. Book 50% at 2R and keep running the trade till the final TP.
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Just another shakeout before the inevitable pump happens imo. Don't forget: -Trump will speak at the $BTC Conference in Nashville✅ -ETH ETF is live✅ AND: FOMC meeting in a few days (that's what I'm most excited about)🔥 Significantly more bullish than bearish.
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Bottom for $BTC should be very close. It's not often that Bitcoin falls below the yellow line in the Mayer Multiple.-Retest and then BTC should rise towards new ATH's. This indicator is FAR too underestimated, I already used it a lot in the last cycle.🤝
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