CONTENT FOCUSED 100% FOR TRADERS!!!

In 1 hour we had SELLERS AND BUYERS being liquidated rapidly on the chart. I will use the #BTC chart as an example to demonstrate something SIMPLE that EVERYONE trading should DO.

Notice that I am using on the chart, only the EMAs + Support/Resistance Levels and a Trend Line. That is, no MAGIC or crazy indicator.

The gray area where the price was this morning, around $86K is our SUPPORT, notice that it is gray because it is not the strongest SUPPORT (the green around $81K). So, let’s think that you are in a BUY trade, since obviously the price was at the "support". You have the EMAs 50/100 literally at the previous SUPPORT area which is now RESISTANCE (in ORANGE).

If you entered a buy and the price shot up to the orange area, WHY DON’T YOU CLOSE THERE AND TAKE PROFIT? Since you know it will be MORE DIFFICULT for the price to pass! And if you are thinking: "SURE BUT I WANTED A BIGGER TRADE!", then I tell you: WHY THE HELL DID YOU ENTER A PRICE RANGE SO TIGHT? And if you closed the trade there in the orange area, isn’t it just waiting for support above it? (yellow drawing) and then doing the same play for the red area towards EMA 200? And then above the red area to the other resistance (blue drawing)?

AND IF YOU DIDN'T ENTER in the gray area? Then shouldn’t you enter after the move outside it, since it would be very close to immediate Resistance?

IN THE FUTURES MARKET YOU MUST REALIZE PROFITS AS SOON AS YOU REACH YOUR TARGETS, AND REMEMBER TO CONSIDER THE ESSENTIAL LEVELS BEFORE CREATING YOUR TARGETS. Be realistic.

...AND IF IT WERE A SALE?

Let’s use the current price, which is a bit above the gray area (support). why the hell don’t you wait for the price to BREAK this gray region and when we have a RETEST in the area (BELOW), then you ENTER SHORT (red drawing)? POSITION YOURSELF at the RESISTANCES and not in the middle of the chart!