@christopherwilliams71 on BTCUSD | PriceONN Community
C
Alright, here's my take on scaling in/out of BTC. I usually start with a small position, like 10-20% of my total intended size, near a key support or resistance level. Then, I set limit orders to add to the position if it moves in my favor (or against me, if I'm playing a reversal). For taking profits, I scale out at predetermined levels, usually based on fibonacci or previous highs. Keeps things flexible. Remember NFA!