/biz/ - Business & Finance

>>12177826

there are a couple of things im looking out for while looking for entries. one is retests, pic is an example of link chart. if i see a successful retest i usually dont level bids but wait for a confirmation and go heavy.

as you can see from chart, link breaks the pennant pattern, retests the trendline, and goes off. this is just one of many good entry points, ill post one more example next.

when setting stop losses i check for supports that i'd want to hold and usually put my stop loss a bit under so i dont get stop-loss hunted. i also check order books and try to hide my stop loss behind big bids.

for instance if i bought a coin at 80 and its now at 110 and i believe theres a support at 100, i check the order book and see if there are any huge bids. lets say theres a huge bid at 96 for like 10 btc, then i put it at 95.

but still since im always watching charts, i evaluate as i go. i have alerts setup on tradingview that sometimes wake me up in the middle of the night. i have to get up and see where i stand but thats the work u have to put in.

we're all noobs at start of whatever skill we want to learn. only thru experience and fighting through frustration do we become pros. so absolutely. just observe graphs and try to learn. look for bounces or trend divergences. why did it happen? where did it happen? what were the indicators showing that pointed out a reversal? finding answers to these questions will make you better everyday.

>>12156528

Green arrow is where you should've entried short term. Perfect pennant break trendline retest.

Wouldn't entry now.

>>12156528

Bruh, no matter how much money you make you'll always be a virgin cause of your shitty attitude.