I think there is nothing simpler than this explanation đ¨đ¨â đ§ââď¸
1. Buy deal (buy Bitcoin):
⢠When to buy?: If the price rises above 69,000, you can buy at 69,100 to make sure that the price breaks this level.
⢠When to sell (to take profits)?: If the price reaches 69,500 or 70,000.
⢠When (stop loss): If the price falls below 68,000, you should sell to avoid losses.
2. Sell deal (short selling Bitcoin)đ§ââď¸
⢠When to sell?: If the price cannot exceed 69,000 and starts to fall, you can sell at 68,200.
⢠When to exit to take profits?: If the price reaches 67,000.
⢠When to close the deal (stop loss): If the price rises above 69,200, close the deal to avoid losses.
In simple terms: đ§ââď¸
⢠Buy if the price crosses 69,000 and you are sure of the rise, and sell when it reaches 69,500 or more.
⢠Sell if the price cannot break 69,000 and starts to fall, and close the deal at 67,000 or before.
