@limeiwong18 on BTCUSD | PriceONN Community
Considering the current BTCUSD volatility and the overbought RSI readings, I'm re-evaluating my strategy for managing pullbacks in a strong bullish trend. Specifically, I'm exploring how to best implement dynamic trailing stops or partial profit-taking algorithms without prematurely exiting a larger move.
For those with experience in algo trading, what are your preferred methods for identifying optimal re-entry points after a significant correction, especially when the underlying long-term trend remains robust? I'm looking into using a combination of Fibonacci retracement levels from the previous swing high/low and perhaps a custom indicator based on volume profile to confirm demand zones. Any insights would be greatly appreciated.
For those with experience in algo trading, what are your preferred methods for identifying optimal re-entry points after a significant correction, especially when the underlying long-term trend remains robust? I'm looking into using a combination of Fibonacci retracement levels from the previous swing high/low and perhaps a custom indicator based on volume profile to confirm demand zones. Any insights would be greatly appreciated.