โHere are some essential rules for profitable trading: โ๏ธ
โLimit your risk: Never allocate more than 20% of your capital on a single trade.
โBe cautious with leverage: Futures trading is highly risky and can lead to a total loss of capital. Avoid using more than 10x leverage on any trade.
โUse stop-loss orders: Always set a stop-loss to protect your capital. Donโt let emotions control your decisions.
โDo your homework: Analyze charts and data before entering a trade. If youโre not familiar with this, start by learning Price Action trading.
โStay short-term in futures: Avoid holding any futures contracts for more than a few weeks, as short-term trades are often safer.
โTake control of your money: Itโs your hard-earned money, so donโt blindly follow others. Make your own informed decisions.
โFollow the trend: Try to avoid trading against the overall market direction.
By sticking to these rules, you can better manage risk and make smarter trading decisions.
$PARTI is making a perfect symmetrical triangle ๐, crossing these trend lines from either sides will likely shape the direction. Watch the movement till a breakout confirm and enter a trade. Pro Tip: Channels such as symmetrical triangles always follow by a strong momentum which continues sharply. Additionally, the RSI indicates neutral meaning no buyers or sellers are in control !
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The price is trading within an Ascending Broadening Wedge on the 1H time frame, suggesting increasing volatility, often leading to a bearish breakdown.
Meanwhile, a Symmetrical Triangle on the 15M time frame signals consolidation before a breakout.