Does it make sense why I cut the $BNB long trade early at minimum profits rather than getting stopped out?
Explanation below
Explanation below
Lets discuss the chart above, I always discuss that price is always in a range, you just need to figure out where the BULK of the move is at.
Once you find it you have your range high, range low and mid range
The next step is to play it within the range until it breaks out
Once you find it you have your range high, range low and mid range
The next step is to play it within the range until it breaks out
This was the chart I was looking to which I entered a long looking for the box to hold. Price looked like it was breaking market structure to run the highs at 308 and 314
The issue was that $BTC took out mondays high and closed within its range thus why I closed the trade.
The issue was that $BTC took out mondays high and closed within its range thus why I closed the trade.
After cutting the trade and waiting after PPI I took the short on BTC and as you can see BNB lost the trend line and got back into the range.
What do I always say to you guys when it comes to a false breakout? What the fuck are you doing back in the range!?
What do I always say to you guys when it comes to a false breakout? What the fuck are you doing back in the range!?
Accepting that its back in the range, I'm happy for a small deviation but get back under the range high to play it back to mid range and then to range low as planned below
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