Here's a little longer video in regards to both Tech / Fundamental and Mental parts of Trading any Crypto at the moment.
In this case it is ETH which is popular around the crypto trading community.
The point is simple; Take your gains off the table at key resistance and use choppy market scenarios to hedge / mitigate loss.
Do not BUY into resistance it does not work as a long term structure or Trading Plan.
Watch for a detailed breakdown.
As always never overleverage Trade Small and Trade Smart.
Catatan
Markets cooling as we enter the weekend.
Do not see this period as a fomo time.
Looking to next week for further management and improved sentiment
Catatan
Dips for longs must be MUCH further, await falls
Catatan
Use this time to understand that markets are slow due to lack of news.
Likely improved impetus tomorrow
Catatan
There you are the further bounce AGAIN.
Not far enough yet so hold off.
We like prices nearer key MA's.
Catatan
Anddd we go lower. Are you glad you did not Dive in?
Catatan
STILL not broken. Remember, if you bought at highs like those you probably wasted time money and energy. Make sure you are only buying when the prices comes down, not when it comes Up!
Catatan
whacked down again. This is why you must not get fomo.
Larger PB required
Catatan
Lots of news to come this week starting tomorrow.
Make sure you do NOT buy before the news as a guess to what will happen.
Simply, let the market either burst higher or burst lower.
Do not guess what will happen, its not logical and doesn't work.
Catatan
Notice how FOMOers are losing money trying to buy highs.
We are hitting the exact same level and its going wrong for them everytime.
you NEED margins to trade. there is no margin long at highs.
Catatan
And notice again, you still can’t break the high.
This is now called channelling movement (sideways dawdling)
Break prev daily lows and looking for bounce / early exits.
Catatan
Any shorts re approaching prev price rejection, make them very much smaller than at first.
Catatan
Further damage to market sentiment..
Even worse time to buy.
Drop is needed
Catatan
And that again is why we do not fomo.
Let the market breathe.
Catatan
Approaching very light long level IF you have to trade crypto.
Catatan
Get lightly long and take early exit bounces.
Catatan
Exit for gains
Catatan
Exit all longs VERY careful on shorts for scalpers must be TINY size.
Catatan
Keep note of Market Sentiment and watch for rapid changes adjusting sizes / entries / exits.
Catatan
ETH rebound from lows....
Any return to previously shorted areas needs to be taken with great care.
Hold off any shorts.
Avoid guessing any News Events. It's not a good idea
Catatan
Remember YES we may blow through there's a good chance... But we do not buy highs. Only on falls.
Repeat and itll go right (as you just saw)
Catatan
In the heat of the moment... do not fomo
Catatan
And that is why you do not fomo... again.
Larger fall for longs needed so hold off.
Catatan
light longs 1550 area.
Catatan
And as mentioned levels can ONLY take so many hits. Refer to prev price action levels for partial exits over time.
Catatan
And as mentioned above we are now through. AVOID fomo now. 2170 likely.
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.