🚩Do not do Gambling, Don't aim to get rich in just a trade, just look at this trade of the Top 1 Trader in the last 30 days in Futures 🚀
Analisis of the most recent trade of the Top 1 Trader in the last 30 Days @大王叫我来炒币77
Trading is simple, don't over complicated it, just supports and resistors
This trade was on $BTC $USDC
The prices was testing the support line (Blue line), cut the support line and just go back to test it, afte the candle close under the support line, the trader make a short operation, the take profit was conservative (the trader take the last lower as take profit, the stop loss was around $80,791 $USDC
Why the take profit was conservative? because if we use Fibonacci, with that can confirm the entry price and can see the take profit levels:
Take Profit 1: $80,149.01 Take Profit 2: $79,868.94
Take in mind that every trader have their own ways to trade, being convervative doesn't mean you are lossing money, do not do gambling, do not aim for a 1000x Profit, that just gambling, go for a safe trade
lets wait for the price action, what the price are going to do, if the price touch the purple resistance and make a bearish candle pattern then we can enter on SHORT with a take profit on 85.64
if the prices brake the resistance and goes up, then we have to wait for the pullback, test on the new support, bullish candles and then we go on LONG with the stop loss on 85.64 and take profit around 90.54 or 92.91, why i didn't say just one price on take profit? because we have to see what the price wants to do after the brake
take a look at $BNB it might be a long position soon What are we waiting here is 2 things
-Pull back to the purple support -Bullish candle pattern
if that happen, we go on long with the take profit on the purple resistor (663.89) this is a conservative take profit but if you want to go a lil bit up you can wait for the gree line for the take profit (666.84) but YOU HAVE TO KEEP IN MIND YOUR RISK MANAGEMENT AND IF THE PRICE IS ALREADY UP FROM YOUR ENTRY, PLEASE MOVE YOUR STOP LOSS FOR BRAKE EVEN!
Lets wait for the brake of the supports or resistance, then for the test on the new support, for a candle pattern and then we can enter on long or short depend on what the price do
This is a game of waiting and finding the best entry
this is one is the same analisis as the last 2 trades on $BTC and $ETH , this on is on $TRX
if the price goes back to the same price as my entry (my entry on the screenshot) you can make the same trade again but just if action price makes what we want, the double floor and a bullish candle pattern
if you enter again go for the last high (same take profit as my screenshot), and i can't remember the stop loss but i think is the same as me, please find the last support for that stop loss
I was just watching what is going, i see this one and i think it was a good trade, i didn't make the trade on a real account because i'm just watching right now
if the price brakes the blue line it might be going up, if you guys want to enter there just use management, do not trade more than 5% of your account, same take profit as me and same stop loss
do not wait for the take profit, keep looking at the price and decide where to go out of the trade
Another quickie and profitable trade, and this is a great example of what i say "Take what the market gives you"
Look at the chart on $XRP , my take profit was on 1.3708 $USDT
but why did i close the trade? becase the price find a good resistor (you can see the white drawing) the price make a double test and then goes down aggressively
Yeah... i know i could let the trade goin and adjust the stop loss on brake even... but what is the point of doing that if i'm already on profit?
Post analisis you are going to sped less than 5 minutes reading this analisis
4h chart: Find the supports and ressitors (Purple supports and resistors)
1hr chart: Look at the price, what is the price doing (you can see the draw below the price, we have a double touch on the resistor, the price brake the support and then a pullback to test the same support)
15m and 5m chart: Find your entry, on the 15m chart we can see the test of the resistor, if we go down to the 5m we can see the same action price as the 1hr chart (this chart is on the comments)
we enter on short as soon as the price brake the support, take profit on the near support and stop loss on the last high/resistor (or you can use fibonacci to set the take profit and stop loss)
Reminder: Don't get to greedy, take what the market gives you, don't aim for a 2000x in a trade, that is not real... GL HF!
and post your trades even if you lose that trade, why? because you are going to review it and find why you lose that trade
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