Dear my friends,
When the RSI on the daily frame is in the 70 zone, it has never been my entry position.
However, my greed got the best of me when I saw the price closed above the resistance zone yesterday. And when observing RSI on the weekly frame, along with the support area below.
I decided to use the DCA tactic.
If the weekly candle closes below the support zone, the order will be closed and the loss will be accepted.
Profits will come with risks.
Best Regards,
When the RSI on the daily frame is in the 70 zone, it has never been my entry position.
However, my greed got the best of me when I saw the price closed above the resistance zone yesterday. And when observing RSI on the weekly frame, along with the support area below.
I decided to use the DCA tactic.
If the weekly candle closes below the support zone, the order will be closed and the loss will be accepted.
Profits will come with risks.
Best Regards,