So was watching this last night, kind of sad I didn't get a part of it last night but trying to only be a part of trades that I can actively monitor. I felt like I've had a couple of trades go very badly holding overnight when I wasn't watching. So I believe I'm going to generally just wait and trade off the action of the previous night.
But this was an...
So took a long trade here, saw it bounce off of some support just bellow and it seems like it is setting up for a nice run, because it was just able to break out of the downward range over the past 24 hours.
Hopefully this turns out well but i am keeping a very close eye on it becuase depending where i draw the lines it changes my position from Long to Short
I...
Went short here to try to move with the flow
It turned out to be a mistake, I need to trade off reactions . It seems that when I trade off of this kind of momentum it pretty much instantly goes against me.
I need to remember where I am in the daily and hourly range.
Since it was able to break above the trend line I traded in some small losses for a long...
Tried to take a long position here, keep seeing that there is support but its getting really close.
Right now im wondering if i need to take back a little risk.
Yet I think im going to wait for a reaction off of this support line first. Right now it seems like it has bounced off of it
Right now i am also seeing the same sort of bounce off CELO, BTC, and SOL
So it took a long trade about 24 hours ago, wasn't the best idea holding on to it because my risk way out exceeded my reward. Next time just take the loss so that my winds can be bigger. Because if I were just to take a small loss and wait I would have been able to capture much more profit at the bottom of that swing
Kept seeing bull signals on the smaller charts
Drew a line where it was it's last high, it shows a tap and then a back off
Glad the long worked out for me though
Took a short here after getting burned with a long a few hours prior to this on the same pair.
Again it went quickly against me but I had noticed a resistance level forming and placed my order above it as a stop loss, luckily it had took a hard right turn and shot down, creating some nice profit
Took a short position here trying to capture the momentum. It quickly went against me, just glad it doubled back and I ended with a nice profit.
Next time I need to get out if a position goes against me quickly
