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CRYPTO MECHANIC
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Missed the initial move on a coin ? No problem
Today i will share with you One of the easiest ways to trade when you miss the initial move on a coin
1- Wait for the price to consolidate around the high
2- Draw a line on that high
3- Entry when the price will close a candle above ( Depending on the timeframe you're watching)
4- Continue to ride it towards the next possible level.Where will be your invalidation ?
The same area that you choose for your buy will be your invalidation
if the candle closes back below that high, this means the breakout is fake and now you should be managing your risk and exit the trade.
Read the details on both pictures.
The strategy will work perfectly if you apply it in an uptrend/bullish market not in a downtrend/bearish market.
Today i will share with you One of the easiest ways to trade when you miss the initial move on a coin
1- Wait for the price to consolidate around the high
2- Draw a line on that high
3- Entry when the price will close a candle above ( Depending on the timeframe you're watching)
4- Continue to ride it towards the next possible level.Where will be your invalidation ?
The same area that you choose for your buy will be your invalidation
if the candle closes back below that high, this means the breakout is fake and now you should be managing your risk and exit the trade.
Read the details on both pictures.
The strategy will work perfectly if you apply it in an uptrend/bullish market not in a downtrend/bearish market.
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