WAVES short
WAVES/USDT
🟢entry: 65.540-56.660
❌stoploss: 70.060
🎯tp1: 33.880-31.560
🔼potential %profit: +44.55%
🔽potential %loss: -16.30%
r/r: 2.73
🐹the market has begun showing signs of a short term correction. waves has grown +275% through out the month of march. price is now beginning to form a zone of distribution. it is time to short.
high probability: price makes one more push up and wicks near/above the current high.
med probability: price moves down without another wick up.
low probability: price continues to make new highs.
based on these scenarios, i will layer half of the position in the annotated box and i will enter half of the position near market price. stop-loss is above the high, with enough breathing room for potential volatility near the high. take-profit is at the most recent origin of break-out. trailing stop-loss will be added once the position begins to move into profit.
✌️all good luck and always practice strict risk management.
🟢entry: 65.540-56.660
❌stoploss: 70.060
🎯tp1: 33.880-31.560
🔼potential %profit: +44.55%
🔽potential %loss: -16.30%
r/r: 2.73
🐹the market has begun showing signs of a short term correction. waves has grown +275% through out the month of march. price is now beginning to form a zone of distribution. it is time to short.
high probability: price makes one more push up and wicks near/above the current high.
med probability: price moves down without another wick up.
low probability: price continues to make new highs.
based on these scenarios, i will layer half of the position in the annotated box and i will enter half of the position near market price. stop-loss is above the high, with enough breathing room for potential volatility near the high. take-profit is at the most recent origin of break-out. trailing stop-loss will be added once the position begins to move into profit.
✌️all good luck and always practice strict risk management.
Nota
closed at +40%. that was fun. love when it works out like that :)
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.