Short
Short BTS
Swing Trade (Daily,4H)
On daily price is in sellers territory and Ranging for a long period. We got a nice pullback to the Resistance Level 0.00001286 level and we turned many people into buyers. This is a conservative entry and proper Risk Management needs to be taken. As we are correlating with BTC, BTC is on Bulls run and so, BTC has a +5 weakness.
Entry: 0.00001265
TP: 0.00001075
Stop loss: 0.00001433 ( Little wider as there is a chance to leave a spike)
Position Size: 1% Risk on your capital/0.84 (BTS)
Risk/Reward: 1:3 So, Proper RR is maintained.
If TP is hit then we will be at 16% profit.
What can go wrong with this trade:
1) As the momentum is not 100% faded out there can be a test till 0.00001370.
2) If it leaves a big spike then we might hit our SL.
On daily price is in sellers territory and Ranging for a long period. We got a nice pullback to the Resistance Level 0.00001286 level and we turned many people into buyers. This is a conservative entry and proper Risk Management needs to be taken. As we are correlating with BTC, BTC is on Bulls run and so, BTC has a +5 weakness.
Entry: 0.00001265
TP: 0.00001075
Stop loss: 0.00001433 ( Little wider as there is a chance to leave a spike)
Position Size: 1% Risk on your capital/0.84 (BTS)
Risk/Reward: 1:3 So, Proper RR is maintained.
If TP is hit then we will be at 16% profit.
What can go wrong with this trade:
1) As the momentum is not 100% faded out there can be a test till 0.00001370.
2) If it leaves a big spike then we might hit our SL.
Trade closed: target reached
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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.