TRX set a low at 393, moved slowly up and broke downtrend (1).
Next it broke the 1HR valley at 409 and another 1HR valley at 416
but could not pass the hold level at 422, peaked at 420 creating a new trend (2).
Did a pullback to a 1HR level at 402 and held, creating new uptrend (3).
Expecting TRX to continue uptrend and target the 1HR hold level at 422 before targeting 429.
Took entry at 403 with target of 422 (5%) and stop at 399 (<1%). R/R: 5
Next it broke the 1HR valley at 409 and another 1HR valley at 416
but could not pass the hold level at 422, peaked at 420 creating a new trend (2).
Did a pullback to a 1HR level at 402 and held, creating new uptrend (3).
Expecting TRX to continue uptrend and target the 1HR hold level at 422 before targeting 429.
Took entry at 403 with target of 422 (5%) and stop at 399 (<1%). R/R: 5
Dagangan ditutup: sasaran tercapai
My target level of 422 was hit during the night. Unfortunately I was sleeping and not able to get back in for the next target of 429 which also hit already during the same night.For now 4.71% profits secured.
Will monitor and update if I decide to re-enter at 422 level for next target of 440 (15MIN hold level).
Nota
In the chart I updated:1) Uptrend
2) Removed valleys, added new levels, added new target
Nota
Not sure yet about my 422 re-entry as it also could drop back to the uptrend,
so currently further updating the chart and waiting for now.
Nota
Chart and gameplan updated.Nota
Updated gameplan: waiting to see if 416 holds.Nota
Updated gameplan: if it drops back to 413 (1HR HOLD) I will re-enter the trade. Entry: 413
Target: 440 (6.5%)
Stop: 411 (0.5%)
R/R: 13.5
Nota
Did not reach 413 yet but for now it did hold the earlier identified 416 level.. I did not take this trade yet, still updating chart and waiting to see if my level gets hit.
Dagangan aktif
Patience paid off. 413 got hit and I entered.
Nota
Entry: 413Target: 440
Stop: 411
Dagangan ditutup: hentian tercapai
Huge dump overnight and proud of my tight stop. Lost only 0.48% on this.Total gains so far: 4.71 -/- 0.48 = 4.23%
Nota
Cleaned up the chart because TRX dumped and broke the uptrend, its now being hold up by the daily level but i'm not entering a trade, want to see how this unfolds.Nota
TRX broke daily level to the downside and backtested the daily level but failed.. still not taking any positions here. Patiently waiting for better entry.Nota
Updated chart based on new low -> removed trendiness and added new trend and 1HR levelsNota
Still not taking a trade, still dumping.Nota
TRX distribution was stopped at the 350 sats daily level for now and bounced to to the downtrend also closing a 1HR valley. Still no trade for now, but will keep monitoring the pullback.
Dagangan aktif
Took entry because:- TRX formed and held uptrend,
- broke downtrend
- broke 1HR hold level at 374 to attack next targets 394 (daily) and 400 (1HR)
Tight stop (1.07%) due to uncertainty of the markets.
Dagangan ditutup: hentian tercapai
370 sats got hit.Score with these 3 trades: 4.71% -/- 0.48% -/- 1.07% = 3.16%
Nota
Did not take any more trades as I saw only short opportunities
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.