Demo trades of WLDUSDT on a 4H Timeframe

Hello guys,
It's another day of learning and I'm delighted to be your host. Learning they say is a continuous process and we stop learning when we are dead. As long as we are alive, we will surely continue learning.

Recently, a friend told me something that has kept me moving after a serious battle in the market this past few days. I have been on the losing side recently maybe because I haven't given full attention to the market.

He said Simon, you have improved very well and I should continue pushing ahead. He said to me whatever is learned too quickly will also be forgotten too quickly.

These words got the part of me because I was thinking that by this time I should be a pro in the market and all my analyses should be respected by the market.

Given that, I have decided to always demo trade to increase my strategies in the market before any other thing. I noticed I needed to learn even more.

Today I decided to take into consideration the pair of WLDUSDT on a 4H timeframe to analyze and also enter the market and see what profit I can make from it.

The image above shows the trade running already. After seeing price action breaking the resistance level on a 4H timeframe, I waited to see the next movement a doji candle was produced which gave me the option to wait again.

A strong bearish candle came forth and broke resistance which became support then I allowed the 4H candle to close then I entered a short position as you can see in the screenshot above.

From the trade, I risked 0.7$ and then my take profit was the next support level which will earn me 0.58$ which is a good profit if the market goes as predicted.

You can see that as a trader, the probability of winning should always be by your side in a high ratio. Having a 0.7$:0.58$ risk-reward ratio is a nice position that every good trader will love to take.

From the trade, I'm already making a very good profit, and if the market continues in that direction, then the probability of getting good money from the market is sure.

I will advise that we should always trade with the trend because we can not control the market no matter how good we are. The market can't be controlled. Follow the direction of the trend and make your money.

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.}