Given that the long entry signal for QNT/USDT was confirmed on February 14th and the price hasn't moved significantly since then, this could still be a favorable time to consider entering or maintaining a long position today. Here's how you might approach this:
Reconfirmation of Entry:
Since the signal was confirmed on February 14th, you should check if the conditions still hold:
MLR still above SMA: Ensure the Moving Regression Line remains above the Simple Moving Average.
MLR above BB Center Line: Confirm the MLR is still above the Bollinger Bands Center Line.
PSAR still green: Check if the Parabolic SAR is still green, indicating a continued bullish trend.
Price above 200-period MA: Verify the price is still above the 200-period Moving Average.
Given the price stability since the signal was confirmed, these conditions are likely still valid, supporting the initial signal's strength.
Entry Strategy:
Action: Enter or maintain the long position on QNT/USDT based on the reconfirmation of these signals.
Risk Management:
Trailing Stop: Keep your trailing stop at the current PSAR level, which adjusts with price movements, ensuring dynamic risk management.
Standard Exit Strategy:
Exit: Continue to watch for when the MLR crosses back below the SMA. This would signal a potential trend reversal, indicating it's time to exit the position.
Since the price has remained relatively stable, it might suggest a consolidation phase, which could precede a significant move. Stay vigilant for any changes in market conditions or news that could influence the price. Always ensure your trading decisions align with your risk tolerance and the latest market analysis.
That is it
Disclaimer: This idea is for educational purposes only and should not be considered financial advice. Always do your own research or consult with a financial advisor before trading.
Note
My ideas were hidden by the moderators because I violated a rule. My apologies—I didn’t pay attention to the guidelines. I’ve fixed the issue, and I hope everything is now in order so we can continue.Note
Trade is still active; don't forget to move the stop loss (SL) to the Parabolic SAR (PSAR) and wait for the Middle Line Regression (MLR) to cross the Simple Moving Average (SMA) for the exit. Price action isn't in our favor right now, but the rules are here to guide us through times like these.Trade active
Trade is still active; don't forget to move the stop loss (SL) to the Parabolic SAR (PSAR) and wait for the Middle Line Regression (MLR) to cross the Simple Moving Average (SMA) for the exit. Price action isn't in our favor right now, but the rules are here to guide us through times like these.
Note
TRADE STILL ACTIVE Trade closed: stop reached
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.
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.