Accumulation phase - Trade entry
Updated
I am pleased to share my latest trade : XTZ/USDT on Kucoin platform.
Money management strategy:
The designated capital for this trade is $500+(emergency fund of 500$). Here's how the funds will be allocated:
1st Order ($500 spot): Placed at the current market price 0.832$. This order aims to enter the coin during the strong accumulation(shown in the blue channel).
2nd Order ($500 emergency fund): Will be specified depending on the nature of the downtrend. This price level will adjust my entry price in case of a crisis.
The objective of this trade is to take profits at 2.00$ but can be flexible depending on market conditions.
I won't be adding any additional trading orders below these levels.
Important : I am aware that the trade can take time and that the coin can go to zero ! So I am prepared to lose 1000$ in this trade without any impact on my trading portfolio.
This is not an investment advice, I am only sharing my own portfolio ;)
Happy trading, everyone!
Money management strategy:
The designated capital for this trade is $500+(emergency fund of 500$). Here's how the funds will be allocated:
1st Order ($500 spot): Placed at the current market price 0.832$. This order aims to enter the coin during the strong accumulation(shown in the blue channel).
2nd Order ($500 emergency fund): Will be specified depending on the nature of the downtrend. This price level will adjust my entry price in case of a crisis.
The objective of this trade is to take profits at 2.00$ but can be flexible depending on market conditions.
I won't be adding any additional trading orders below these levels.
Important : I am aware that the trade can take time and that the coin can go to zero ! So I am prepared to lose 1000$ in this trade without any impact on my trading portfolio.
This is not an investment advice, I am only sharing my own portfolio ;)
Happy trading, everyone!
Note
When I share my trades with you, including the amount allocated, entry price, and objective, it takes a lot of courage. Not many traders are willing to share such details. By doing so, I am putting my credibility on the line. Therefore, I would appreciate it if you could give my post a boost. Just to clarify, I don't offer any paid services at the moment. But if my efforts are not rewarded, I may stop sharing my ideas for free !
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