Important Factors to Consider for Avoiding Loss โ๏ธ๐๐ฅ๐ฏ๐ฅ๐ฅโ๏ธ
๐ฅ Always make sure to check the market trend before deciding to take a position.
๐ฅ Never go against the market trend ,even if you clearly see a different trend on the individual chart ,going against the market trend will definitely result in loss, check the market trend for additional confirmation before placing the trade.
๐ฅIf the market shows a normal trend follow the trend of the respective charts, if market occupies a specific trend , strictly consider market trend above any individual chart trends.
๐ฅ When the market is bullish ,avoid trading on bearish patterns ,since the market & the individual chart patterns are opposite, this creates an uncertainty in the price movement. Taking positions on such charts might lead to loss.
๐ฅ Identify charts with continuous/smooth patterns ,trading on high volatile tokens may initially have favourable price movements, but there are high chances that they hit your SL before moving in the desired direction.
๐ฅ Strictly maintain your SL & never try to catch trades on trend reversal. If the market is bearish ,only 'sell' ,never 'buy'.
๐ฅBe aware of the false breakouts that occur reversing the direction of the priceflow, Do not enter the trades immediately, Turnaround or Price reversals are only possible when the whole market trend tends to reverse.
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