I’ve entered a swing long on AKT at $1.048, targeting a potential trend reversal off a developing base structure. This setup is riskier than my others, as price is still below macro resistance and hasn’t confirmed a full breakout yet. However, the high R:R potential and strong volume support at this level make it a worthwhile calculated risk. The setup is based on the daily chart for structure and volume confluence, and the 1-hour chart for entry timing.
My stop is placed below structural invalidation, and I have two profit targets: one conservative (TP1) and one trend-continuation (TP2). I plan to move my stop to breakeven after TP1 is hit in order to protect the trade and let the remainder run risk-free.
Entry at $1.048 – Price is compressing into a base with heavy volume support around $1.00–$1.10. The entry is just above a high-volume node and near fib retracement levels. 1H structure supports the idea with higher lows forming.
Stop-loss at $0.98 – Below the consolidation base and high-volume support. If broken, the setup is invalidated and structure breaks down.
TP1 at $1.23 – Prior breakdown level and first supply zone. Logical place to take partial profits and move stop to breakeven. Locks in ~2.7R.
TP2 at $1.50 – Full rotation target to upper volume gap and possible fib extension. If momentum builds, this is where I expect a major reaction. Gives ~6.6R.
DISCLAIMER: I am not providing trading signals or financial advice. The information shared here is solely for my own documentation and to demonstrate my trading journey. By openly sharing my process, I aim to put pressure on myself to stay focused and continually improve as a trader. If you choose to act on any of this information, you do so at your own risk, and I will not be held responsible for any outcomes. Please conduct your own research and make informed decisions.
My stop is placed below structural invalidation, and I have two profit targets: one conservative (TP1) and one trend-continuation (TP2). I plan to move my stop to breakeven after TP1 is hit in order to protect the trade and let the remainder run risk-free.
Entry at $1.048 – Price is compressing into a base with heavy volume support around $1.00–$1.10. The entry is just above a high-volume node and near fib retracement levels. 1H structure supports the idea with higher lows forming.
Stop-loss at $0.98 – Below the consolidation base and high-volume support. If broken, the setup is invalidated and structure breaks down.
TP1 at $1.23 – Prior breakdown level and first supply zone. Logical place to take partial profits and move stop to breakeven. Locks in ~2.7R.
TP2 at $1.50 – Full rotation target to upper volume gap and possible fib extension. If momentum builds, this is where I expect a major reaction. Gives ~6.6R.
DISCLAIMER: I am not providing trading signals or financial advice. The information shared here is solely for my own documentation and to demonstrate my trading journey. By openly sharing my process, I aim to put pressure on myself to stay focused and continually improve as a trader. If you choose to act on any of this information, you do so at your own risk, and I will not be held responsible for any outcomes. Please conduct your own research and make informed decisions.
Dagangan aktif
Entered @ $1.048. Keeping fingers crossed!Nota
Moved SL to breakeven early despite original plan to do it at TP1. Managing multiple trades so locking in risk-free to protect capital while setup still looks valid.Nota
If TP1 at $1.23 hits, I’ll move SL up to $1.10 to lock in a bit more profit as it sits above the recent consolidation and keeps the trade protected without cutting it too tight.Dagangan ditutup: hentian tercapai
SL hit at BE. No win, no loss.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.