When you are trading crypto you have to focus on the BTC pairs only and don't use margin. -- This is to protect you with risk management Am from typing on Google "What happened to FTX?" -- This company become very popular and the time Bitcoin crashed it was a crazy moment kind of similar to what we have today -- According to Google Search ai it says the company mismanaged customer funds.
Also according to an article from the The Guardian, 27 March, 2024, Ftx collapsed within 10 days - Maybe this could be the time to set a sell-stop order on this crypto pair FTTBTC - Now look at this chart you will notice the Rocket booster strategy in 3 steps:
-The price is below the 50 EMA
-The price is below the 200 EMA
-The price is about to gap down
So this is a position trade to help you catch this continuation chart pattern - That last step is important because it will help you with risk management which is very important - Rocket boost this content to learn more. -
Disclaimer: Trading is risky please learn risk management and profit taking strategies. Also, feel free to use a simulation trading account before you trade with real money.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.