Weekend trading plan assuming this short trade setup plays out. The plan will cover:
- Bias & Setup
- Entry, SL & TP
- Risk Management
- Scenario Planning
- Weekend Strategy Considerations
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🧠 Bias & Setup
- Current Setup: Short trade initiated near $83,477 with SL above (around $83,800), targeting lower zones (TP1, TP2).
- Structure: Price is breaking down from a pullback after a sharp move. MA crossover (green and blue lines) shows short-term bearish bias.
- Trendline: Downside move could reach the ascending trendline acting as long-term support.
🎯 Trade Details
- Entry: Around $83,477 (market or retest entry).
- Stop Loss (SL): Above recent high (approx. $83,800–$83,850).
- Take Profit 1 (TP1): ~83,000 (based on image).
- Take Profit 2 (TP2):~82,600 or slightly above the trendline.
> R:R ratio looks favorable—approx. 1:2 or higher depending on execution.
💰 Risk Management
- Risk per Trade: 1-2% of account balance.
- Position Sizing: Based on SL distance (~$300–$350).
- Execution Tip: Use partial profit booking at TP1 and trail stop to breakeven or better for TP2.
📉 Scenario Planning
1. Ideal Play (Bearish Breakdown):
- Price breaks below short-term support.
- Hits TP1 and continues toward TP2 or trendline.
- Consider long re-entry near trendline if reversal signals appear.
2.Invalidation (Stop-Out):
- Price pushes above $83,800–$83,850.
- Exit with controlled loss.
- Watch for possible trend continuation upward if rejection is weak.
3. Sideways Market:
- No clear break of recent range.
- Consider staying flat or using a range-trading approach with tight SL.
🗓️ Weekend Strategy Tips
- Volatility: Expect lower volume late Saturday into early Sunday; spreads may widen.
- No Forced Trades: If price consolidates and no follow-through, wait until Monday volatility returns.
- Alerts: Set alerts near TP1, TP2, and SL zones to monitor without screen-watching.
- News Watch: Be aware of any upcoming macro/crypto news that may trigger unexpected movement.
✅ Checklist Before Execution
- [ ] Clear confirmation of price rejection or continuation
- [ ] SL and TP levels set
- [ ] Position size calculated based on SL
- [ ] Alerts in place
- [ ] Review of higher timeframe for bias alignment
- Bias & Setup
- Entry, SL & TP
- Risk Management
- Scenario Planning
- Weekend Strategy Considerations
---
🧠 Bias & Setup
- Current Setup: Short trade initiated near $83,477 with SL above (around $83,800), targeting lower zones (TP1, TP2).
- Structure: Price is breaking down from a pullback after a sharp move. MA crossover (green and blue lines) shows short-term bearish bias.
- Trendline: Downside move could reach the ascending trendline acting as long-term support.
🎯 Trade Details
- Entry: Around $83,477 (market or retest entry).
- Stop Loss (SL): Above recent high (approx. $83,800–$83,850).
- Take Profit 1 (TP1): ~83,000 (based on image).
- Take Profit 2 (TP2):~82,600 or slightly above the trendline.
> R:R ratio looks favorable—approx. 1:2 or higher depending on execution.
💰 Risk Management
- Risk per Trade: 1-2% of account balance.
- Position Sizing: Based on SL distance (~$300–$350).
- Execution Tip: Use partial profit booking at TP1 and trail stop to breakeven or better for TP2.
📉 Scenario Planning
1. Ideal Play (Bearish Breakdown):
- Price breaks below short-term support.
- Hits TP1 and continues toward TP2 or trendline.
- Consider long re-entry near trendline if reversal signals appear.
2.Invalidation (Stop-Out):
- Price pushes above $83,800–$83,850.
- Exit with controlled loss.
- Watch for possible trend continuation upward if rejection is weak.
3. Sideways Market:
- No clear break of recent range.
- Consider staying flat or using a range-trading approach with tight SL.
🗓️ Weekend Strategy Tips
- Volatility: Expect lower volume late Saturday into early Sunday; spreads may widen.
- No Forced Trades: If price consolidates and no follow-through, wait until Monday volatility returns.
- Alerts: Set alerts near TP1, TP2, and SL zones to monitor without screen-watching.
- News Watch: Be aware of any upcoming macro/crypto news that may trigger unexpected movement.
✅ Checklist Before Execution
- [ ] Clear confirmation of price rejection or continuation
- [ ] SL and TP levels set
- [ ] Position size calculated based on SL
- [ ] Alerts in place
- [ ] Review of higher timeframe for bias alignment
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.
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.