Now:

You must understand this trading strategy isn’t the “holy grail”. There are times you’ll lose to breakout traders — and at times, breakout traders will lose to you.

The only way you will survive in the long run is proper risk management. Thus, I suggest risking not more than 1% of your account on each trade.

Conclusion
This is what you’ve learned today:

👉🏾 The more times Support and Resistance is tested, the weaker it becomes
👉🏾 Support and Resistance are areas on your chart (and not lines)
👉🏾 Support and Resistance can be identified using moving average
👉🏾 Don’t place your stop loss just below Support or above Resistance
👉🏾 Trading at Support and Resistance gives you favorable risk to reward
👉🏾 A Support and Resistance trading strategy

Now here’s a question for you…

How do you trade a Support and Resistance trading strategy?

Drop your comment for me in the main group chart. Thanks for listening.

🙏🙏🙏🙏🙏🙏

If you are not on our trading group before here is the link for you to discuss your trades with over 1200 traders

https://yangx.top/cryptosecretexposed

#BTC UPDATE
BTC Corrective Wave C will soon end around 9350-9600, then follow with wave D which will end around 10400-10650. Then the last batch of the wave E will start which will take us down to 7500-8500 Level.

Trading Advice:
Buy BTC at the end of Wave C(9350-9600) sell it off at end of wave D( 10400- 10650)

Then the mega buy will come at Wave E(7500-8500) which will take us up to 14,000 zone.

https://www.tradingview.com/x/URhGWdKa/

Hey Guys saw something else on BTC😳😳😳😳

#BTC Update
End of Wave C is almost here, Buy area still remain is given as 8500-9400

https://www.tradingview.com/x/xVh4rhX3/

LTC is in a good buy zone, do bag some and hodl

✅ First target hit hodl for more guys

ETC is moving gradually guys, keep an eyes on it

https://www.tradingview.com/x/WYbQG7oV/

FOr those that have not bag LTC, well there will be another opportunity if present 4hrs candle closed bullish, use this blue dotted line on the chart as new entry.

https://www.tradingview.com/x/qA8uzXNl/

https://www.tradingview.com/x/pUtq6eWr/

Where Wave D & E are imaginary waves, and their existence will be determine by available PRICE ACTION.

LTC Breakout

https://www.tradingview.com/x/oFc6LMvJ/

=============================
📍HEMPCOIN📍
Symbol: THCBTC

Buy Area: 0.00000775 - 0.00001070
SELL:
Target 1: 0.00002140
Target 2: 0.00003102
Target 3: 0.00004905


Stop Loss: 0.00000449

Duration: Medium/Long
RISK EXPOSURE: 5%

https://www.tradingview.com/x/55zcQnEt/
================================

If ADA break its consolidation zone, we will see some sexy move from there. Watch out guys.

https://www.tradingview.com/x/kIjAP5oF/

#ETH UPDATE

https://www.tradingview.com/x/i6HYSkZT/

#BTC UPDATE

BTC WAVE D(1) is expected to end around (10,400-10,650)

2 possible outcome can be derived:
1. If this wave is for wave D definately we will have next wave to be WAVE E which will be largest of all waves from ABCDE. This wave E will end around (7,850- 8,950).

2. If the wave is for WAVE 1 as for fresh IMPULSIVE CONTINUATION Wave, then it means, it will only travel down for about 68.2% - 78.6% FIBONANCCI RETRACEMENT Level of previous wave CD or C(1) which will be around (9,750- 9,950).

Trading IDEA:
Best bet is to stay at alert and watch price reaction when it get to 9800 level, notice of any reversal signal here should result into BUY SIGNAL for us.

BUT

If we have free fall pass 9800 we should change our mind and be thinking of buying around 8k level.

Thanks


https://www.tradingview.com/x/LkkY2nyD/