Accumulation phase - Trade entryI 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!