Hello,
I am trading BTCUSD and LTCUSD and ETHUSD everyday using technical analysis.
I am using ATR (Average True Range) for me stop loss placement per trade.
What can I use for taking profits or exiting the trade? I would like something more dynamic to market price action and not static profit target such as X times stops loss distance.
Thank you kindly.
Well, as i know such kind of way for taking profit is not available in cryptocurrency trading. If you want that i think you can find it in forex. In crypto trading, put your sell limit order is one of way i know. So thats static or can be dinamic if you move manually.