Demo trades of IDUSDT on a 1H time frame using double-top strategies

Greetings dear friends,
I remain your guide and tutor in crypto matters. I'm delighted to share with you all yet another interesting article here today which I titled Demo trades of IDUSDT on a 1H time frame using double-top strategies.

I have decided to start testing all my strategies to be sure of which of them is most effective before putting my real money into the trade. I'm doing this because that is what is recommended by all traders if they need to be successful.

Research and statistical data have shown that only 1% of traders are profitable in the market and the question now is what is the 99% doing wrong and what is the 1% doing right?

I took into consideration a lot of things because of the money I too have lost in the market over time. I have no regret because it has helped me to learn the hard way. This is the main reason why I have decided to test all my strategies using a demo trade before using it in real-life trading.

Going through my charts on Tradingview, I saw this wonderful setup of double tops in the pair of IDUSDT on a 1H timeframe. The setup also showed that the price was rejected by the resistance level.

Seeing a double-top confirmed that the price would go downward after the break of the neckline, I drew the neckline and then waited for the 1H candle to close and it closed bearish as expected then I took the trade because all confirmation was present.

From the above images, you will notice that the price was moving in a downward direction as predicted and I wasn't ready to greed the market that is the reason I have taken profit in the next support level and I set my stop loss above the resistance level.

With such a setup, you can be able to make at least 20% daily from the market and then you can exit the market and come again another day. The crypto market will always be there hence you should always try to pick the little you can and then exit the market for another day.

Disclaimer: ^{This post is made as an education and not investment advice. Digital asset prices are subject to change. All forms of crypto investment have a high risk. I am not a financial advisor, before jumping to any conclusions in this matter please do your research and consult a financial advisor.}