$BTC Hourly support and resistance overview. Over the weekend, you can continue to short near 71598, with a stop loss of 700-800 points. Around 66711 is a recent hourly support level where you can enter long positions, and support levels below can be used for adding positions.
🚨 Three good habits for short-term positions: When you're unsure whether to take profits, always close half of your position and keep the rest to break even—this will never be wrong; after some profit accumulation, habitually set a breakeven stop or move your stop-loss—this is the baseline, and should not be mistaken for a loss; profit-taking targets are just estimates, don’t be overly fixated on hitting the exact target. 🚨 Recommended position management ratios for partial entries: Second position entry ratio: 3:7 or 2:8 Third position entry ratio: 2:3:5 Fourth position entry ratio: 1:2:3:4 🚨 Do not place orders with round numbers. #btc
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$BTC Hourly support and resistance overview. Over the weekend, you can continue to short near 71598, with a stop loss of 700-800 points. Around 66711 is a recent hourly support level where you can enter long positions, and support levels below can be used for adding positions.
🚨 Three good habits for short-term positions:
When you're unsure whether to take profits, always close half of your position and keep the rest to break even—this will never be wrong; after some profit accumulation, habitually set a breakeven stop or move your stop-loss—this is the baseline, and should not be mistaken for a loss; profit-taking targets are just estimates, don’t be overly fixated on hitting the exact target.
🚨 Recommended position management ratios for partial entries:
Second position entry ratio: 3:7 or 2:8
Third position entry ratio: 2:3:5
Fourth position entry ratio: 1:2:3:4
🚨 Do not place orders with round numbers.
#btc