Trade Direction:
RENDER Swing Spot Long
Risk Management:
- Total risk on spot account approx 0.5%
- Stop loss below most recent swing point will not executed unless daily close below.
Reason for Entry:
- Confirmed daily bullish divergence
- Higher time frame drawn liquidity swept and tapped
- Daily hammer candle
- Daily 0.718 retracement off leg
- Positioned in strong weekly and monthly demand zones
Additional Notes:
- Clean chart, gives me upside for a potential bottom formation here
- Not aiming for a huge swing upside just next DOL
RENDER Swing Spot Long
Risk Management:
- Total risk on spot account approx 0.5%
- Stop loss below most recent swing point will not executed unless daily close below.
Reason for Entry:
- Confirmed daily bullish divergence
- Higher time frame drawn liquidity swept and tapped
- Daily hammer candle
- Daily 0.718 retracement off leg
- Positioned in strong weekly and monthly demand zones
Additional Notes:
- Clean chart, gives me upside for a potential bottom formation here
- Not aiming for a huge swing upside just next DOL
Trade active
Active however I have secured a AAVE Short to hedge against this.Note
Not performing the best. Market is heavily news driven at present and not ideal for spot positions.Risk is defined.
My Risk management strategy requires I see the trade out into its entirety. Respect the tps, respect the SLs
Trade closed manually
Stopped-0.5% spot acc
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.