✳️ RAREBTC | Opportunity Series #5 (Basic Trading Tips)
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.
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.
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🚨 Free PREMIUM Trade-Numbers
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