BSVUSD: How to Buy with Proper Money Management

Jan 20, 2020

The price bounced from 460.00 level and dropped to the 1st support zone. This zone is at 250.00 level, and the price action here will tell us about the further direction.

If we get a confirmed reversal signal from this support, it will be a new buy opportunity with stop orders below the local swing low.

If the price breaks the support and the local swing low, it will be a bearish signal confirming the falling to the 2nd support zone at 150.00 level. If the market provides us another reversal signal, it will be possible to use it for buying as well. Stop orders must be placed below the local swing low.

If we talk about smart money management, it will be better to invest the part of the capital using both support zones and the reversal signals. It will allow us to catch the continuation of the uptrend in any way. Also, don't invest the whole capital in this market. It does not look solid if we talk about the long term. I would say that it will be possible to invest in this market no more than 10% of your capital.



Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.