When to enter Long postion and when to enter Short postion in Bitcoin on 25-09-2024.
When im writing this article the bitcoin price is at $63,800.
If you want to open Long position, then you need to wait until it $BTC reaches to $63193. I entered my position right now at 63,488 but i add more if it reaches to $63,193 and i will close my postion at 64200.
If you want to open Short position, then you need to wait until $BTC reaches to $64,976 to 64,264. There is higher chances for BTC to reach 64,976 and then comes down. I preper not to enter below these prices.
Important points.
1. Leverage 3-10X
2. Enter with only 5-10% of the capital. If you are having $1000 USDT, enter in to the position with 50-100USDT with 10X leverage. Margin becomes $1000. I suggest to enter with 5% of the capital for each trade.
I hope everyone makes profits.
