DASHUSDT.P trade idea - 4H Ichimoku levels
Updated
Here we trade 4H Ichimoku levels on DASHUSDT.P.
What do we see?
Price hit our sell zone, with what looks like bearish RSI(14) divergence. We were unfortunately a bit late on our entry. Therefore we took a quick profit, that we now can add to our position in case price goes up to test the zone again. We are willing to add to our position further at "Entry sell 2", as long as momentum is dying down.
When is this trade invalidated? Threefold: we get stopped out above the resistance level, 4H candle closes above the zone itself or RSI momentum increases.
One could still trade this zone, set your alert to 47.5 USDT and trade the reaction. Happy trading!
Remember: this is just an idea, NOT financial advice. Please do NOT take this trade, as it may run into a loss. Only take trades that fit YOUR plan and/or risk tollerance. If you did like this idea give it a boost. Happy trading!
What do we see?
Price hit our sell zone, with what looks like bearish RSI(14) divergence. We were unfortunately a bit late on our entry. Therefore we took a quick profit, that we now can add to our position in case price goes up to test the zone again. We are willing to add to our position further at "Entry sell 2", as long as momentum is dying down.
When is this trade invalidated? Threefold: we get stopped out above the resistance level, 4H candle closes above the zone itself or RSI momentum increases.
One could still trade this zone, set your alert to 47.5 USDT and trade the reaction. Happy trading!
Remember: this is just an idea, NOT financial advice. Please do NOT take this trade, as it may run into a loss. Only take trades that fit YOUR plan and/or risk tollerance. If you did like this idea give it a boost. Happy trading!
Trade active
Update: since we were not able to take the best entry, we mitigate some of the risk. We added a fourth take profit target, that seems within easy reach.Trade active
This trade works out great. We managed to sell the profit we took on TP1 on the re-test of the zone ("Add sell") and took profits on TP2 en TP3 positions. We cancelled our sell order on "Entry sell 2", as we are exiting this trade, and move our stop to a new position, just above TP1.
Ichimoku is a real money maker for us, we hope you enjoy these trading ideas!
Trade closed: target reached
*ping* Take profit no. 4 filled, happy trading and bye for now!
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