Trade Direction:
Long BTC Scalp
BTCUSDT.P
Risk Management:
- Risk 0.1% (very low risk due to market conditions)
- Target approx 0.5% gain
Reason for Entry:
- 0.618 retracement
- Sweep of recent low
- M30 Fair Value Gap tapped (partially mitigated earlier)
- Multi time frame Oversold
- Market structure holding key support level
Additional Notes:
- Confidence level low low likely hood this succeeds but trading my plan
- Very cautious trade in a volatile unpredictable market environment
Long BTC Scalp
BTCUSDT.P Risk Management:
- Risk 0.1% (very low risk due to market conditions)
- Target approx 0.5% gain
Reason for Entry:
- 0.618 retracement
- Sweep of recent low
- M30 Fair Value Gap tapped (partially mitigated earlier)
- Multi time frame Oversold
- Market structure holding key support level
Additional Notes:
- Confidence level low low likely hood this succeeds but trading my plan
- Very cautious trade in a volatile unpredictable market environment
Trade active
Moving well. If it returns to entry and I don't like the PA I'll cut. For now sl still set at level defined.Note
IMO its cooked but going to let it run fully as risk is minimal. Max move: 1.61R
Trade closed: stop reached
Stopped.Minimal loss was a ultra risky trade fomc day. Time to chill and relax. Enjoy your day :D
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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.