Long
[Swing Trade] BITUSD long from HTF support
Hello fellow traders,
At and below entry we have a cluster of support. Take a profit when the trade has been completed for 50% and move your stop-loss to entry.
You could also take a Day Trade when price retraces to the Golden Pocket of the Fib retracement. That level might even end up being a new Lower Low. In that case this idea would be temporarily invalidated.
Good luck and happy trading!
Kind regards,
n1d0
At and below entry we have a cluster of support. Take a profit when the trade has been completed for 50% and move your stop-loss to entry.
You could also take a Day Trade when price retraces to the Golden Pocket of the Fib retracement. That level might even end up being a new Lower Low. In that case this idea would be temporarily invalidated.
Good luck and happy trading!
Kind regards,
n1d0
Note
The Valua Area's have shifted. The idea is still valid, although it would be safer to move the entry to $0.530. I would not place the entry lower than $0.522.Note
Moving entry to $0.532. If we don't get a good rejection from $0.78 (see Related Idea down below), this idea will be cancelled.Note
Sadly the original idea is invalid if you press the play button, because the long postion box was not wide enough. Anyhow, this trade is about to happen.Trade closed: stop reached
This was an utter fail. I should have cancelled this trade when I saw the falling knife Price Action. On to the next one.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.