Last trade was awesome happened as predicted on one of the two outcomes
Now, I believe Ethereum has established (or is currently establishing) a range on the hourly between 210-230. Trading a range is a recipe for losing capital because one develops a FOMO for missing out the break of the range, and hence, is 80% focussed on that while he forgets to focus on the current range. My idea to trade a range depends on the HTF sentiment of the market. I stand bullish on Cryptos upto the summer of 2020. So, I will play the ranges looking for an upward break, unless it reaches a previous/old Swing high, so I tend to set my Bids below the mid-range, i.e. 216-220 for the range marked in this trade, and will release 50% at top of the range, and rinse and repeat till we break upwards. However, if it starts to touch the lower boundary of the range, I will start to reduce my risk on the trade. Remember, the more times a Support/Resistance is touched, the more probable it becomes to break down.
If we break upwards, my target is 250 but do not place bids at 230. I would say 232, to be safe.
Average entry on this trade is at 221
Target is 230 - rinse and repeat with 50% TP at 230
Not a financial advice, and please manage your own risk
Now, I believe Ethereum has established (or is currently establishing) a range on the hourly between 210-230. Trading a range is a recipe for losing capital because one develops a FOMO for missing out the break of the range, and hence, is 80% focussed on that while he forgets to focus on the current range. My idea to trade a range depends on the HTF sentiment of the market. I stand bullish on Cryptos upto the summer of 2020. So, I will play the ranges looking for an upward break, unless it reaches a previous/old Swing high, so I tend to set my Bids below the mid-range, i.e. 216-220 for the range marked in this trade, and will release 50% at top of the range, and rinse and repeat till we break upwards. However, if it starts to touch the lower boundary of the range, I will start to reduce my risk on the trade. Remember, the more times a Support/Resistance is touched, the more probable it becomes to break down.
If we break upwards, my target is 250 but do not place bids at 230. I would say 232, to be safe.
Average entry on this trade is at 221
Target is 230 - rinse and repeat with 50% TP at 230
Not a financial advice, and please manage your own risk
관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.