Even though the market is sideways, how did I make a profit?
The 90k resistance zone is quite strong, with continuous candles with wicks and strong pushes down. But currently the previous bullish wave is quite strong, so the 86k support zone is pushing up with great force.
So how do you make a profit when the market is sideways? Your job is to be patient, wait for the price to touch the resistance or support zone, wait for the candle to close and read the candle.
1. If it is a candle with wicks and strong force, place an order with 1/2 volume (save the remaining 1/2 volume for DCA if the price goes down a beat before increasing).
2. In case the price breaks through the strong resistance zone and closes a confirmation candle, place an order with 1/2 volume following the current trend (keep 1/2 volume to wait for DCA when the price returns to retest).
!! Note that patience and discipline are "extremely important" to have a good entry point to avoid risks instead of losing money if you enter orders randomly. Remember to manage the capital of each order you enter so that the SL amount of each order is equal.
In addition, on my personal page, I will share some orders that I find safe and the entry point brings low risk, you can follow me and refer to them. Wish everyone a happy and lucky evening 🍀🍀
