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RE: Steemit Crypto Academy | Course By @stream4u - Technical: Reverse Strategy | Crypto Prices & Market Source: Review Of COINGECKO.
This strategy is safe for one day Candle chart, once having good practice on it then we can use it in 15 minutes or 30 minutes. I used this in 1 day, 15 minutes, 30 minutes, and 5 min too for scalping trading, but one thing should be common that is dip candle should be longer and new candle opening price should be very close to the previous close, stop loss just below of previous candle low point.
5 min charts look like this so you have to be fast.
Hello professor @stream4u.
Based on the exit strategy, are we looking at the previous high of the previous as take profit target for buy position? Please you can use screenshot for easy illustration.
Thank you.
When Candle closed with -20% or more than it, and then when new day candle starts at the same level then target will be the high point of the previous candle and stop loss will be previous candle low level.
Alright. Thank you so much professor @stream4u.
Alright. Thank you for the clarification.