Swing Trade (D, 240)
On daily price is in Overall Buyers territory. On trading time frame the recent seller is taken away by the buyers with lots of power and the price shows that it can't make a LL as it leaves a probe or spike at the bottom. This is a conservative entry and proper Risk Management needs to be taken. As we are correlating with BTC, it has a good strength and that is one of the minus point.
Entry: 0.0746599
TP: 0.00000736
Stop loss: 0.083
Position Size: 1% Risk on your capital/4584.95
Risk/Reward: 1:1 So, minimum RR.
If TP is hit then we will be at 10% profit.
Buy from Sellers and Sell from Buyers.
On daily price is in Overall Buyers territory. On trading time frame the recent seller is taken away by the buyers with lots of power and the price shows that it can't make a LL as it leaves a probe or spike at the bottom. This is a conservative entry and proper Risk Management needs to be taken. As we are correlating with BTC, it has a good strength and that is one of the minus point.
Entry: 0.0746599
TP: 0.00000736
Stop loss: 0.083
Position Size: 1% Risk on your capital/4584.95
Risk/Reward: 1:1 So, minimum RR.
If TP is hit then we will be at 10% profit.
Buy from Sellers and Sell from Buyers.
Trade closed: stop reached
The main loss of this trade is BTC strength, as we took the Long trade and BTC took some strength, As I mentioned the risk of BTC strength.
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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.