Anticipating a bounce around in a channel created by the supply zone during the big drop. I am discounting the giant wick on the 13th march because its a bitmex thing, it did nothappen on any other exchange. Other exchanges have a clean touch on the supply zone and fell back into the channel. Short term trade and I am anticipating only 1 of my entries to be hit.
If there is a grind up through the zone, i will cancel remaining orders and exit. If there is a fast movement into the supply zone and quickly fall, I will leave my position alone. Monitoring closely if it falls back down, because being a relatively small channel trade I have no anticipation of price moving very far down, most of the time I will be already 80% out at the midway point.
If there is a grind up through the zone, i will cancel remaining orders and exit. If there is a fast movement into the supply zone and quickly fall, I will leave my position alone. Monitoring closely if it falls back down, because being a relatively small channel trade I have no anticipation of price moving very far down, most of the time I will be already 80% out at the midway point.
Nota
Update: exited for 8% on 5x after price started grinding through on the 4hr candle that closed inside the zone. I’ll take preserving capital over hitting a stop loss.Nota
But Profit is profit, I’ll work on my psychology more.
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.