Step 4: Decide if Risk: Reward is worth it
In the Short trade, every $1 you risk can allow you to make up to $2.8
If your trade frequency and risk profile allow for this, then take the trade. Otherwise, collect data first, before entering any trades with real money.
After you enter the trade, the work is not finished yet.
You need to re-evaluate your trade idea based on new price data and always be ready to react to new developments.
You can even look at BTC to sync the market direction for SOL.
To make money from trading altcoins like this,
Download my BBP pattern guide + Stop-loss guide PDFs.
Last change before both expire in 24 hours (scroll up in the chat for your copy):
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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