Fartcoin Swing Long – 7R Setup in Play

6 hari lalu

I’m entering a Fartcoin swing long on a golden pocket pullback during a bullish structure continuation, with confluence from EMAs, fibs, and demand volume. The setup is based on the daily chart for trend structure and 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).

Entry at $1.15 – Inside the golden pocket (0.618–0.65 fib), where bullish pullbacks often reverse. Confluence with reclaim of daily 50 EMA.

Stop-loss at $1.08 – Below structure and golden pocket. If broken, the setup is invalid and trend may shift.

TP1 at $1.36 – 0.786 fib level and previous local high. Strong resistance and logical partial profit zone. Locks in 3R.

TP2 at $1.64 – Full fib retrace and swing high. If trend continues, this is where momentum likely tops out short term. Gives 7R.

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.

5 hari lalu

Dagangan aktif

Entry hit. I am in the trade.

4 hari lalu

Nota

If price hits $1.25, I’ll move SL up to $1.18 to lock in some profit while keeping enough room for continuation.

4 hari lalu

Nota

Just realised price already tapped $1.25 during the night. I had planned to move SL to $1.18 but changed it to $1.167 instead. This gives a bit more room below minor structure to avoid getting wicked out on normal pullbacks while still locking in some profit.

Note that the new SL is set at $1.167.

4 hari lalu

Nota

Wanted to break down the current probabilities for hitting either stop loss or target, since price already tapped $1.25 and I’ve adjusted my SL accordingly. This is mainly for clarity and in case anyone is watching this trade closely.

SL @ 1.167. Probability of getting stopped: Moderate (40 to 50 percent).
TP1 @ 1.36. Probability of getting hit: Still favourable (50 to 60 percent).

For those sticking to the original setup with SL at 1.08:
SL @ 1.08 – Probability of getting stopped: Lower (25 to 35 percent)
TP1 @ 1.36 – Probability of getting hit: Higher (65 to 75 percent)

Both approaches have merit. Just depends on how you prefer to manage risk and protect capital.

Probabilities are based on structure, momentum and current market behaviour. Not strict math, just informed estimates.

4 hari lalu

Dagangan ditutup: hentian tercapai

Fartcoin hit my revised stop at 1.167. I made +0.24R profit. The SL adjustment locked in a small win.