#BTC/USDTš„
This is the area that usually I don't open a trade, hold a current position or take profit on my long position.
I believe that Bitcoin and the whole crypto market is bullish in the long term. However the current price level of bitcoin currently is quite dangerous for short term long positions specially if you do not have a very good buy area.
So, as for my risk management. I usually don't trade, hold my current position or take profit in my long position. Opening a new position in both short or long positions is a bit risky in my risk management. Since it may be very volatile at this area or I may not be able to put my position in an ideal area to avoid a shake off.
Sometimes waiting without any position is a very good risk management method to protect your profit, capital and your psychology for the next good move of the market.
I hope this helps any of my readers to get an idea on my risk management technique.
Good luck and Happy hunting!!
