Hello Traders!
Welcome back to another episode with Analyst Aadil1000x.
First of All, we are Closing our Previous buy holding which is CHRusdtperp(+8.8%x10), WOOusdtperp(+6.5%x10) & BATusdt at the entry position.
After A long time Market broke the trendline starting from the peak. The Breakout towards upward is never a good idea to go long. I am posting the Examples below so that you can see what happens after the breakout.
Selling exactly at the trendline is also not a good decision. The perfect time to sell/short is to let the market break the trendline and then find a perfect position to sell or look at your indicators to turn red to short the trade.
There is a true reversal point at 20625 where we will short the trade. The true reversal point is the point that is supposed to work with pinpoint Accuracy. This means i am not expecting a strong drawdown but in case the market does not move down then for safety we have a stop loss and the stop loss is small so that we don't lose big.
The accuracy of the True reversal point is 60-70%, so don't put big in this. Previously I gave 100% surety of moving up in 'WOO' and 'CHR' because that was a different kind of strategy and its accuracy is 100% but this trade is cracked using a true reversal point whose accuracy is less than 75% so take your risk Accordingly.
Don't forget to hit the like button and follow to stay connected.
Welcome back to another episode with Analyst Aadil1000x.
First of All, we are Closing our Previous buy holding which is CHRusdtperp(+8.8%x10), WOOusdtperp(+6.5%x10) & BATusdt at the entry position.
After A long time Market broke the trendline starting from the peak. The Breakout towards upward is never a good idea to go long. I am posting the Examples below so that you can see what happens after the breakout.
Selling exactly at the trendline is also not a good decision. The perfect time to sell/short is to let the market break the trendline and then find a perfect position to sell or look at your indicators to turn red to short the trade.
There is a true reversal point at 20625 where we will short the trade. The true reversal point is the point that is supposed to work with pinpoint Accuracy. This means i am not expecting a strong drawdown but in case the market does not move down then for safety we have a stop loss and the stop loss is small so that we don't lose big.
The accuracy of the True reversal point is 60-70%, so don't put big in this. Previously I gave 100% surety of moving up in 'WOO' and 'CHR' because that was a different kind of strategy and its accuracy is 100% but this trade is cracked using a true reversal point whose accuracy is less than 75% so take your risk Accordingly.
Don't forget to hit the like button and follow to stay connected.