4.2.2021 - entry: $40,250 - stop: $$42,000 (4.35%)
should have waited for the $40,000 entry level earmarked in trade #1.
now the hidden bearish divergence is also more pronounced.
should have waited for the $40,000 entry level earmarked in trade #1.
now the hidden bearish divergence is also more pronounced.
Note
given the strong momentum - RSI taking out the $50k high - it is likely that this move is mostly driven by liquidations of shorts that were opened at/bellow $38kNote
widen stop to $42,600 (5.85%)Note
stop adjusted before fakeout above $42,000Trade active
cancelled $42,600 stop limit order and placed above peak at $42,700.forced price action, likely to trigger stops
Trade closed: stop reached
stopped at $42,700 (6.087%)
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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.