I used a simple break out trend last night for 3 trades and ADA was a great trade that stopped in 15% profits over night using 3x leverage.
Drawing a simple resistance trend from thee shoulder across the neck and I waited for that break out to be confirmed.
As it was late at night I placed a OCO order with a take profit on my first resistance line that executed.
That same resistance trend line proved also to be the indicator for the short position... Which I missed this time.
When the market is going sideways, spend your time preparing these breakout indicators
Drawing a simple resistance trend from thee shoulder across the neck and I waited for that break out to be confirmed.
As it was late at night I placed a OCO order with a take profit on my first resistance line that executed.
That same resistance trend line proved also to be the indicator for the short position... Which I missed this time.
When the market is going sideways, spend your time preparing these breakout indicators