FTT USD experimental play
Updated
With the whole ETH merge situation i dont want to take big risks for te next 2-3 days but i cant pass on this FTT idea.
First of all, i'm buying HALF of my position here at 24.77 and i will set an order for the other half at 23.85.
this will give me an average enry price of
24.31.
i will have 3 take profit points
24.95 2.75%
25.90 5.9%
27.45 11%
and i will use 2x leverage because it is a little dangerous.
now,if things don't go our way
if 4hour candle closes below 22.80
i will cut my losses.that is a 6.1% loss which is unusual for me to risk that much but i dont see that scenario coming to life.
MAX 2X leverage with normal position size.
If take profit one is reached,stop loss will go to my entry price.
i will update here for every move i make.
First of all, i'm buying HALF of my position here at 24.77 and i will set an order for the other half at 23.85.
this will give me an average enry price of
24.31.
i will have 3 take profit points
24.95 2.75%
25.90 5.9%
27.45 11%
and i will use 2x leverage because it is a little dangerous.
now,if things don't go our way
if 4hour candle closes below 22.80
i will cut my losses.that is a 6.1% loss which is unusual for me to risk that much but i dont see that scenario coming to life.
MAX 2X leverage with normal position size.
If take profit one is reached,stop loss will go to my entry price.
i will update here for every move i make.
Trade active
both entries are reached on binance futures.average price now 24.31
i am setting both the mentioned take profit targets and also looking fot a close below 22.80 to cut losses in case it goes there
Note
i will adjust my stop loss price.if 4h candle closes below 23.8 which is 1.88% i will stop the trade.
this level became crucial,so that's enough for me.
Note
i am setting a stop loss at my entry price and letting it run.risk free from now on,waiting for targets.
Order cancelled
trade was closed at entry price.no profit,no loss either
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.