Great trading day, loved the quick action on the charts.
Today, RIOT formed a symmetrical triangle in the morning hours.
I marked the top resistance levels, mid support/resistance levels, and bottom support levels.
It was a fantastic freefall from the top resistance levels to mid support levels, where it then formed resistance and plummeted to bottom support levels.
Trade #1 - Up $800 USD in Paper Account
Trade #2: Up $350
Trade #2 was based on Descending Wedge and Channel patterns, forming new support and resistance levels.
It's very hard to see on the 15 minute chart, as I was working with smaller time levels that I cannot publish about.
How do you manage risk? Share any risk-management tactics, traders!
Today, RIOT formed a symmetrical triangle in the morning hours.
I marked the top resistance levels, mid support/resistance levels, and bottom support levels.
It was a fantastic freefall from the top resistance levels to mid support levels, where it then formed resistance and plummeted to bottom support levels.
Trade #1 - Up $800 USD in Paper Account
Trade #2: Up $350
Trade #2 was based on Descending Wedge and Channel patterns, forming new support and resistance levels.
It's very hard to see on the 15 minute chart, as I was working with smaller time levels that I cannot publish about.
How do you manage risk? Share any risk-management tactics, traders!
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.