I use two time frames and momentum indicators to identify the timing of the entry.
Daily stochastic had reset and started to move to the upside. Stochastic in the higher time frame is a signal for me it is time to start looking for an entry in a direction of the indicator in the lower time frame.
I use MACD in the lower time frame. 4H MACD have crossed, is sloping upwards and now entering the bull zone. It is a good place for me to enter long.
I don’t trade with leverage. I buy spot.
The way I take profit is when 4H/Daily MACD or RSI is going to form a clear negative divergence.
Daily stochastic had reset and started to move to the upside. Stochastic in the higher time frame is a signal for me it is time to start looking for an entry in a direction of the indicator in the lower time frame.
I use MACD in the lower time frame. 4H MACD have crossed, is sloping upwards and now entering the bull zone. It is a good place for me to enter long.
I don’t trade with leverage. I buy spot.
The way I take profit is when 4H/Daily MACD or RSI is going to form a clear negative divergence.
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