Some bullish movement yesterday due to the BTC Segwit 2x suspension. We see the confluence of both a tested horizontal support level and a downward trendline. Breakout with good volume indicates a movement upward to the 330 area and then a possible retracement to test support turned resistance. Looking to close at the target of previous support resistance levels giving me an R/R ratio of 2 which is good enough to jump in.
Dagangan ditutup: hentian tercapai
The price came back to the resistance-turned-support level, hesitated and then blew right through it to my stop-loss. This mostly happened while I was asleep but that's exactly why we place stop-losses.I risked 3% loss for a 7% gain with a very aggressive entry. If the price was higher I might have been a little more conservative and entered only after confirmation - that is to say, I would have watched the retracement and if it bounced off resistance at 320 with strong volume I may have jumped in. I also took a mental note that RSI was relatively high at entry which did increase the risk some.
Although my stop was reached and I lost 3% in this trade I'm very happy about it as the analysis was correct.
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.