Use only EMA200.
buy/long at EMA200 sl at -5%
sell/short at EMA200 sl at +5%
Pity and sympathise with who would follow this.
Especially on our current volatility
Market would hit stop loss on both and start moving in a direction it likes.
That's the issue of this method, it may serve smart in book i.e opening two opposite trade and placing a stop loss at both, but it's not smart.
The market is heartless and smarter especially to traders.
I know people make money from trading and shit but anxiety and over thinking ain't good for my earth. There is risk in every investment or business will do in this life, even in accumulating and holding Bitcoin for long term there's is still risk one can't say there's zero percent risk in long term Bitcoin investment, however there is low percentage of risk and high percentage of risk and when it comes to long term Bitcoin investment there's low percentage of risk and a high percentage of risk when it comes to shitcoins and trading.
So one needs to choose if he or she wants a low risk investment or high risk investment.
Now when you invest in a high risk investment you won't have peace of mind because you know you can lose your money at any time, I know of someone who dead as a result of investing his life savings on shitcoin because he lost his money, such investment can cause your high blood pressure to rise which may lead to death.
But in a low risk investment there's a little peace of mind, if you are into Long term Bitcoin investment you won't worry that much even when there's a dip in Bitcoin because you know no matter how long it takes it will rise so one is relax, however is true anything can happen but the point is there's low level of risk in it.