TRON / BitcoinLong
Double Bottom on Tron
Updated
As always stop loss in the event that the pattern doesn't manifest. Even if we get a small bounce say 5%, move your stop loss high enough to guarantee profits. A win is a win. My goals are to always minimize mistakes and minimize losses. By moving your stop up you prevent yourself from losing money. A mistake would be to let a winning trade turn into a losing trade.
Each fib level is a chance to take profits. Moving your stop loss up allows you to speculate and watch to see how high price goes. Since you 're guaranteed to profit, there's no harm done in letting it ride.
This set up is a short term trade setup. An actual double bottom is a reversal pattern which would mean we would see a much higher price.
Each fib level is a chance to take profits. Moving your stop loss up allows you to speculate and watch to see how high price goes. Since you 're guaranteed to profit, there's no harm done in letting it ride.
This set up is a short term trade setup. An actual double bottom is a reversal pattern which would mean we would see a much higher price.
Note
Fail. This is why a stop loss is important 
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