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Bitcoin: with a good trade BTCUSDT : Bitcoin is at a critical point And the price is compressed in a triangular area After leaving this area, we will have a very good movement For short or long position Keep an eye on this area After exiting in any direction, you can enter a good trade

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FALLING KNIVES Hello everyone! Today I want to discuss with you the topic of trading against the trend. This occupation is extremely risky, while everyone wants to catch a reversal, because they can bring big profits. Why is it so dangerous to trade against the trend? We all know that the trend is our friend. And you should always remember that this friend is very strong. No one knows when the price will start to reverse, which means that if you decide to trade against the trend, you will most likely get stopped out. Therefore, trading against the trend was dubbed "CATCHING FALLING KNIVES" . Traders look at the history of price movement and it seems to them that it is easy to predict a reversal - there is a top, there is a pattern, but everything is not so simple. If you are more careful, you can find moments when the price formed peaks or patterns similar to a reversal, but there was no reversal. If you entered at such a moment against the trend, you would lose everything. Be careful! Most traders lose their money precisely because of such situations when a position is opened against the trend. This is the most dangerous occupation in Forex. You can see a lot of patterns and the price still won't reverse. Therefore, you need to analyze the whole picture as a whole, you should not rely only on patterns or indicators. Range trading When it is not clear who is stronger than the bulls or bears, that is, the market moves in a range, it is worth trading by setting small goals. And, of course, you need to trade from the levels. In range trading is carried out from level to level, there will be your goal. Range trading is harder than trend trading, but easier than counter trend trading. How to trade? The ideal situation for trading against the trend would be when, after a strong move, with large candles, a double top begins to form. A double top is a sign of a weak trend. In this case, the first vertex should not be far from the second. If the first peak is far away, then the price has reached the level. Trading from a strong level is a good idea. Here you will often see trend reversals. It is worth noting that the closer the two peaks are to each other, the stronger the sell signal. At the same time, it is worth remembering that this movement may just be a temporary correction. Do not overstay the position in anticipation of a big move. The ideal combination for entering against the trend would be the level and the formed pattern. You need to enter when the market has already reversed, that is, the second top is clearly visible on the chart. Exit Even if you entered perfectly, and the price goes where you need it for some time, you should not relax. Be aware that this may just be a correction of a previous big trend. At the slightest sign of a continuation of the previous trend, get out. It is better to take a little profit than to lose everything. If the price moves confidently enough, set a take profit according to your strategy. You can set a take profit 3 times the stop loss. Or, if you know how to hold positions correctly, you can put a stop loss at the next closest level. One good sign A candle with a long shadow is a very good sign. As a rule, after such a candle, the price goes in a different direction relative to the shadow. A long shadow means that the price passed the level, but failed to consolidate and went in the opposite direction. This is a sign of weakness in the trend and a good signal to trade in the opposite direction. conclusions Trading against the trend is the most dangerous, the most difficult thing. If you decide to trade against the trend, wait for the signals, do not rush. Watch the price very carefully, even if it goes in the direction you want. Over time, you will learn how to enter trades better and then trading against the trend will bring you more profit than losses. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩