✳️ RAREBTC | Opportunity Series #5 (Basic Trading Tips)

27 Mar 2023

Here is an interesting one, we can see RAREBTC hitting a lower low vs June 2022 in March 2023 while the RSI and MACD both hit a higher low; bullish divergence.

The lower low is good if you are looking from a bullish perspective because the stop-losses have been activated, there isn't much left to look for by going lower and thus the break up has higher probability.

A volume breakout is indicative of an upcoming change of trend.

As usual, the signals are just for reference, for trading purposes one focuses on support and resistance levels.

✔️ If prices move and close below support (the stop-loss), you close the trade at a loss (around 10% in this case).
✔️ But, if the prices go up, we earn and the potential to earn can be 60%, 80%, 150% or more.

Low risk with high potential for reward.

✔️ The blue line/space is the support/stop-loss, the green lines the targets.

You can lose 10% on 5 trades.
You can win 300% and 200% on 2 trades.

The two positive trades can give more winnings than the five losing trades if you follow a plan.

This is important to diversify.

Remember to boost, follow and comment.

Namaste.