LTCBTC Range trading + Breakout trading
Exits should be based on two things, basically:
1) Targets
If range trading, you should close your position after price reaches the opposite side of the range.
If breakout trading, you should close your position if price reaches the target based on the height of the range.
2) Signals
If you use MACD signals for your entrys and exits, for example, and it "shows" you signs of an early reversal, before your target is hit, you should take your profits.
1) Targets
If range trading, you should close your position after price reaches the opposite side of the range.
If breakout trading, you should close your position if price reaches the target based on the height of the range.
2) Signals
If you use MACD signals for your entrys and exits, for example, and it "shows" you signs of an early reversal, before your target is hit, you should take your profits.
Disclaimer
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.