1-Entering Orders at Support Levels:
During purchases, consider placing orders at support levels and patiently await their execution for optimal results.
2-Using Stop Orders for Control:
Execute purchase orders successfully? Set stop orders below 5% to maintain control even during potential downward trends.
3-Firm Stance on Stop Orders:
Purchases below all supports? Stick to the 5% stop order. For more risk, try 10%, but always have a stop order in place.
4-Progressive Profits at Resistance:
Secure profits smartly by placing orders at resistance levels for gradual profit-taking and thoughtful decisions.
5-Spotting Hidden Resistance:
After price drops, hidden resistance might challenge recoveries. Track these levels for profitable purchases below them. Previous support levels may act as resistance.
6-Cautious Stop Approach:
Don’t rush with stop orders during price falls. In horizontal markets, re-enter thoughtfully with controlled orders.