BTCUSD Non-Trending(Side-ways)
Updated
I don't see trends in this chart and can easily say the market is not trending and is sideways.
I have defined 3 supports and 3 resistances and can play around to book some profit.
I'll book two types of orders here buy stop and sell stop to capitalize if it goes either way.
Total Order = 2 with 2% risk each.
For each order two trades with 1% risk each for TP1 and TP2:
Order#1:
SL: 29335
EP: 29400
TP1: 29465
TP2: 29530
Size / No of Coins: 1.55
Order#2:
SL: 29065
EP: 29020
TP1: 28975
TP2: 28930
Size / No of Coins: 0.30
I have defined 3 supports and 3 resistances and can play around to book some profit.
I'll book two types of orders here buy stop and sell stop to capitalize if it goes either way.
Total Order = 2 with 2% risk each.
For each order two trades with 1% risk each for TP1 and TP2:
Order#1:
SL: 29335
EP: 29400
TP1: 29465
TP2: 29530
Size / No of Coins: 1.55
Order#2:
SL: 29065
EP: 29020
TP1: 28975
TP2: 28930
Size / No of Coins: 0.30
Note
There is slight mistake in the order no of BTC would be 2.3:Order#2:
SL: 29065
EP: 29020
TP1: 28975
TP2: 28930
Size / No of Coins: 2.3
Trade closed: target reached
SELL STOP Order Profit booked TP1 and TP2 hit successfully.
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