Lesson #3

This will help you know when to exit.

So, whenever you see the trendline in the HIGHER TIME FRAME, you must keep an eye on it.

The more you observe, the more you will understand what is happening.

Here is the coin $ATOM

As you can see, at point 1 (High), when the market reaches that point, a sharp pullback occurs. After that, the market retests the 1 (High) point.

The market didn't break the previous HIGH (1), which was the first indication that the market would not go above it anymore.

The second indication was that the price broke the trendline and retested it.

So, whenever in an UPTREND, you see 2 equal highs, and the second high doesn't break the first one, and it breaks the trendline and retests it, then it is the right time to exit.

There is no need to be attached to your trade emotionally. It is better to move out in the green instead of in the red.