So what does a trading system include?

👉 1. DETERMINE THE TREND
-> INCREASE OR DECREASE, INCREASE TO BUY AND DECREASE TO SELL

👉 2. Find the entry point (this is extremely important)
Find the optimal entry point for your system

👉 3. Set stoploss, the stoploss level will of course depend on the nearest support and resistance that you believe if the price surpasses it, then you have been wrong and accept to cut loss.
If you cut loss on a trade too much, you will easily be affected psychologically and move the stoploss or when hitting the stoploss and losing a lot of money, the pressure will make you lose your calm.

👉 4. Take profit, the take profit point will depend on the barriers to lock in profits.
Best to take 50% profit at 10-20 pips, and gradually take the remaining part through barriers (hard barriers include old highs; old lows or dynamic barriers Ema89-34 and psychological barriers right at fibo ex 1.618-2.618-3.618...)

#MarketDownturn #BTC☀