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CHZUSDT 30M - Targets and StoplossHello everyone, let's take a look at the CHZ 30M to USDT chart as you can see that the price has moved above the local downtrend line. Let's start by setting goals for the near future that we can take into account: T1 = $0.1626 T2 = $0.1656 T3 = $0.1687 and T4 = $0.1706 Now let's move on to the stop loss in case the market goes down further: SL1 = $0.1609 SL2 = $0.1601 SL3 = $0.1594 and SL4 = $0.1588 Looking at the CHOP indicator, we see that the energy has been exhausted on the 30M interval and is slowly rebounding, while the MACD indicator indicates that we are close to confirming the trend change to an upward one, however, looking at the volume despite the visible green candles, we see that it is very low compared to the red candle.
by cryptodailyuk
ETH / USDT 4HChart - Targets And StopLossHello everyone, let's look at the 4H ETH to USDT chart as you can see that the price is moving above the uptrend line. Let's start by setting goals for the near future that we can take into account: T1 = $1272 T2 = $1281 T3 = $1310 and T4 = $1355 Now let's move on to the stop loss in case the market goes down further: SL1 = $1261 SL2 = $1251 SL3 = $1241 and SL4 = $1233 Looking at the CHOP indicator, we see that on the 4H interval, some energy has been used, but there is still some left to continue the movement, while the MACD indicator indicates a local downtrend.
by cryptodailyuk
1
XRP - USDT on 4H interval Targets and StoplossHello everyone, let's look at the 4H XRP to USDT chart as you can see that the price is moving below the local uptrend line, and within the triangle outlined by the blue lines. Let's start by setting goals for the near future that we can take into account: T1 = $0.3923 T2 = $0.3980 T3 = $0.4028 T4 = $0.4070 and T5 = $0.4133 Now let's move on to the stop loss in case the market goes down further: SL1 = $0.3865 SL2 = $0.3833 SL3 = $0.3799 SL4 = $0.3754 and SL5 = $0.3694 Looking at the CHOP indicator, we see that there is a lot of energy for a new move on the 4H interval, while the MACD indicator indicates a local downtrend.
by cryptodailyuk
2
HOW TO MANAGE YOUR EMOTIONSHello everyone! One of the most important , and in the same time, one of the hardest aspects of trading is the ability to manage correctly your emotions and leave them aside while trading. So how can we manage our emotions in stressful situations? Here are some tips that every trader should consider when starting trading: 1. DO NOT ACT ON ANGER: every time you feel strong emotions, hold back and revisit your trading plan, is your move aligned with your initial plan or are you acting on irrational emotions? One of the worst things is to take a position based on anger after a loss in order to recover the losses. Take a deep breath and rethink your decision! 2. DO NOT FALL IN LOVE WITH YOUR POSITIONS: we all want to always be right, but sometimes we have to accept a bad position and close it. It is common to fall in love with our positions and hold it out of hope that the market will switch, but involving emotions just blow the account, stick to your plan! 3. ESTABLISH SOME TRADING RULES AND KEEP A TRADING JOURNAL: setting your own rules of trading and risk management is crucial for a profitable account. No matter what you hear from others and how good a position may look, if it is not aligned with your rules, do not take it! Moreover, do not change a strategy after some losses, stick to what you have learnt and planned, keep the information in a trading journal and plan your next moves based on you learnt from it. 4. TAKE A BREAK AFTER 3 LOSSES IN A ROW: it is natural to have a bad day, but when this happen do not become over emotional and over trade, but rather take a break and wait for a new and fresh trading day. Strong emotions will ruin any important decision, no matter the context, so try to avoid them. 5. SET TP AND SL AND TRUST YOUR JUDGEMENT: after establishing your trading plan and risk management plan, in order to stick to your risk to reward strategy, you have to use Take Profit and Stop Loss orders, and trust your judgment and the market. No matter what happens, this helps you have a clear forecast of your account, without blowing it. Also, avoid getting greedy and secure your profits with take profit order. 6. LOWER THE TRADE SIZE: if you feel overwhelmed by the risk on each trade, and out of fear you make irrational decisions, try to lower the trade size to what feels comfortable with you. After doing this, always update your trading strategy! 7. DO NOT GIVE UP! : there is a point when every trader feels like giving up, losing all his faith, but you should understand that this is the normal journey, with ups and downs, and if you do not let yourself intimidated by the downs, the ups are limitless!
OANDA:XAUUSDEducation
by m_maia14
2
QNTUSDT 4H Interval Targets and StoplossHello everyone, let's take a look at the 4H QNT to USDT chart as you can see that the price is moving in a sideways trend channel and locally trying to break out of the down trend line upwards. Let's start by setting goals for the near future that we can take into account: T1 = $114.1 T2 = $117.6 T3 = $120.5 T4 = $123.5 and T5 = $127.3 Now let's move on to the stop loss in case the market goes down further: SL1 = $112.5 SL2 = $110 SL3 = $108.2 SL4 = $106.3 and SL5 = $103.5 Looking at the CHOP indicator, we see that most of the energy has been used on the 4H interval, while the MACD indicator indicates a local downtrend.
by cryptodailyuk
1
THE POWER OF STOP LOSSHello again! Here I prepared for you what I consider the most important tool when it comes to risk management and developing a discipline, which helped me a lot in my trading journey: stop loss! At first, I have to admit that I found it truly frustrating to see how 2 pips can trigger the stop loss and right after that my position reaches my target, but in time, I realised that in order to stick to my trading strategy and become profitable, I have to also accept the losses, even when I consider them "unfair". Using the stop loss order not only that it helps cutting the losses, but can also help you lock in the profits. What helped my account the most was, after a while when the price goes in the desired direction, to move the stop loss at the entry point (so whatever happens, there will be no loss), and it honestly eliminates a lot of stress, especially during night. Hopefully you will find this information as useful as I did, and feel free to ask anything in the comments section!
Education
by m_maia14
MATIC / USDT 1D chart Targets and StoplossHello everyone, let's look at the 1D MATIC to USDT chart. As you can see, the price is moving above the local downtrend line. Let's start by setting goals for the near future that we can take into account: T1 = $0.9158 T2 = $0.9619 T3 = $1.0112 T4 = $1.0759 and T5 = $1.1616 Now let's move on to the stop loss in case the market goes down further: SL1 = $0.8502 SL2 = $0.7964 SL3 = $0.7643 SL4 = $0.7393 and SL5 = $0.6911 Looking at the CHOP indicator, we see that there is still a lot of energy for the next move on the 1D interval, while the MACD indicator indicates a downtrend.
M
by cryptodailyuk
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UNIUSDT 4H Interval- Targets and StoplossHello everyone, let's look at the 4H UNI to USDT chart as you can see that the price is moving above the local downtrend line. Let's start by setting goals for the near future that we can take into account: T1 = $5.63 T2 = $5.84 T3 = $6.06 T4 = $6.35 and T5 = $6.74 Now let's move on to the stop loss in case the market goes down further: SL1 = $5.27 SL2 = $5.04 SL3 = $4.86 SL4 = $4.67 and SL5 = $4.41 Looking at the CHOP indicator, we see that the energy is strongly charged on the 4H interval, while the MACD indicator indicates a local uptrend.
by cryptodailyuk
2
MATIC / USDT 4H chart Targets and StoplossHello everyone, let's look at the 4H MATIC to USDT chart as you can see that the price is moving above the local downtrend line. Let's start by setting goals for the near future that we can take into account: T1 = $0.8757 T2 = $0.8935 T3 = $0.9097 T4 = $0.9250 and T5 =0.9460$ Now let's move on to the stop loss in case the market goes down further: SL1 = $0.8421 SL2 = $0.8098 SL3 = $0.7848 SL4 = $0.7606 and SL5 = $0.7249 Looking at the CHOP indicator, we see that the energy is heavily charged on the 4H time frame, the MACD indicator shows that it is in a local uptrend, while the volume is very low.
M
by cryptodailyuk
2
SOL - USDT 4HChart, targets and stoplossHello everyone, let's take a look at the 4H SOL to USDT chart as you can see that it has moved above the downtrend line. Let's start by setting goals for the near future that we can take into account: T1 - $14.78 T2 - $15.38 T3 - $15.84 T4 - $16.28 and T5 - $16.99 Now let's move on to the stop loss in case the market goes down further: SL1 - $13.96 SL2 - $13.34 SL3 - $12.84 SL4 - $12.37 and SL5 - $11.66 Looking at the CHOP indicator, we see that the energy is exhausted on the 4H interval, while the MACD indicator indicates a local uptrend.
by cryptodailyuk
DOT / USDT 4H CHART - Targets and Stoploss!Hello everyone, let's look at the 4H DOT to USDT chart as you can see that the price is moving in a sideways trend channel. Let's start by setting goals for the near future that we can take into account: T1 - $5.71 T2 - $5.79 T3 - $5.86 T4 - $5.93 and T5 - $6.04 Now let's move on to the stop loss in case the market goes down further: SL1 - $5.60 SL2 - $5.53 SL3 - $5.48 SL4 - $5.42 and SL5 - $5.34 Looking at the CHOP indicator, we see that the energy is running out on the 4H interval. The MACD indicator indicates that we are in a local downtrend. On the other hand, the RSI indicates that we are quite close to the low and for a period of small accumulation.
by cryptodailyuk
FTM / USDT 4H Interval - Targets and ResistanceHello everyone, let's look at the FTM to USDT chart on a four-hour time frame. As you can see, the price has broken out of the local downtrend line. Let's start with the support line and as you can see the first support is $0.184, if the support is broken then the next support is $0.178, $0.172 and $0.167. Now let's go to the resistance line, as you can see the first resistance is $0.193, if you manage to break it, the next resistance will be $0.198, $0.206 and $0.216, reaching the fourth resistance will give the price an increase of fourteen percent from the current price. Looking at the CHOP indicator, we see that in the four-hour interval we still have a lot of energy for further movement, and the makdi indicator indicates a local uptrend.
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by cryptodailyuk
CHZUSDT 1WInterval - Targets and StoplossHello everyone, let's look at the 1W CHZ to USDT chart as you can see that the price is moving above the local uptrend line. Let's start by setting goals for the near future that we can take into account: T1 = $0.208 T2 = $0.237 T3 = $0.279 T4 = $0.335 and T5 = $0.488 Now let's move on to the stop loss in case the market goes down further: SL1 = $0.192 SL2 = $0.163 and SL3 = $0.103 Looking at the CHOP indicator, we see that on the 1W interval, I have a lot of energy for subsequent moves, and the MACD indicator indicates that we are in a downtrend.
by cryptodailyuk
Great fear on the CRO token !!!Hello everyone, let's look at the 4H CRO to USDT chart as you can see that the price is moving in the downtrend channel. Let's start by setting goals for the near future that we can take into account: T1 - $0.0725 T2 - $0.0773 T3 - $0.0819 T4 - $0.0862 and T5 - $0.0917 Now let's move on to the stop loss in case the market goes down further: SL1 - $0.0604 and SL2 - $0.0501 Looking at the CHOP indicator, we see that the energy has been used up on the 4H interval, and the MACD indicator indicates a local downtrend.
by cryptodailyuk
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