Genius I know right.
I though I was special calling for a big drop on XPR and closed out a nice trade to start my week with my morning coffee here in NZ.
Of course I look at the rest of the market and see that the drop was clearly across the board. I don't feel as special, but still happy. And will be really happy if we are close to a support level on ETH after this 10% drop. I am already in long with some size and ready to average into a much bigger long position. This is where I am happy to not run close stops, size up without crazy leverage and let my liquidation point act as my stop. Very rarely, but this is a very good opportunity in my opinion. Just be mindful to have a plan if we go lower, but I think we will retrace back up to $1687 within the next couple of hours.
I though I was special calling for a big drop on XPR and closed out a nice trade to start my week with my morning coffee here in NZ.
Of course I look at the rest of the market and see that the drop was clearly across the board. I don't feel as special, but still happy. And will be really happy if we are close to a support level on ETH after this 10% drop. I am already in long with some size and ready to average into a much bigger long position. This is where I am happy to not run close stops, size up without crazy leverage and let my liquidation point act as my stop. Very rarely, but this is a very good opportunity in my opinion. Just be mindful to have a plan if we go lower, but I think we will retrace back up to $1687 within the next couple of hours.
Note
My limit orders are getting filled as the price goes down. I am glad I did not go all-in hard with the first sized position. I want to be able to push my liquidation price lower till we find a real bottom and retrace up into profit. 
My Substack website provides my regular vlog establishing daily chart price trend bias for traders and investors to gain useful data.
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.
My Substack website provides my regular vlog establishing daily chart price trend bias for traders and investors to gain useful data.
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.