BTC: Scalp Long 17/06/25

Trade Direction:
BTC Scalp Long

Risk Management:
- 0.25% Risk
- High risk knife catch trade

Reason for Entry:
- 0.886 Retrace
- Weekly Open ideal area for short entries also lines up with a 0.5 corrective move for this leg.
- Oversold on 4 Macro TFs (M15,M30,H1,H2)

Additional Notes:
- Target Weekly Open
- High High Risk which = A very tiny risk on SL. My only trade of the day.

Trade active

Up slightly. Cannot express how risky this trade is. Its knife catching to an extreme. My risk is clearly defined and within my tolerances.

Note

First TP for me is Monthly Open and I'll go BE there aswell.

Note

TP 1 Hit,
SL Now breakeven

Note

Second TP Hit (Monday low)

Trailing stops to 104,300

Being extremely aggressive with tps

Trade closed: target reached

Closing here. Not getting greedy all for an extra .2R.

Final result: +2.13R

Great little scalp.

Note

Trade Review:

Solid scalp. Entry reasons where solid however extreme risk in the market with middle east war escalating.
Bias was after 12+ bearish candles we were due a expected retrace along with key level 0.886
Likely could have held till weekly open but banking the profit and walking away.
Overall solid, was extremely risky with the market environment.

Max: 2.5R
Actual: 2.13R

Note

Remember. Aggressive TPing is the only way to trade this right now. Not looking for larger TF moves at present quick scalps only.

Note

Ended up reaching final tp or there abouts. good lil scalp.

Ryn8111

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Ryn8111

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