Trade Active: Long Entered on Breakout

Finally entered this long after seeing a relatively high spike in volume on the 2-hour candlesticks or so. I was uncertain at first, since it did not necessarily rival the earlier volume bars in terms of size, but the spike in volume correlated with the break from the inverted head and shoulders neckline, I reasoned, was very worth risking an entry position. The earlier the entry position, the higher the returns, and perhaps most importantly, the easier it is to close.

XBTUSD has only continued to rally forward, with higher daily closes (one being at $12.5k, sealing the breakout), and on the 4-hour candlesticks, sustaining closes at around the high $12,700 level, along with $13,000 being pierced!!! I should have formalized this much earlier, but I have only now had some of the time to truly set it all down.

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Trade Status: Active

Entry: $11,919.00
1st Target: $14,142.00
Final Target: $15,821.50

Stop loss: $10,236.50

10x leverage;
55.90% risk, 327.40% gain

(Arguably, incredibly risky; could have entered lower to reduce stop order, but entered on breakout when confirmed)

Relevant trade post:

Dagangan aktif:

Formalizing this:

Entry: $11,919.00
1st Target: $14,142.00
Final Target: $15,821.50

Stop loss: $10,236.50

Dagangan ditutup: hentian tercapai:

Ended up cancelling, bounce ~$13k. Unfortunately did not take profits. A new trade coming up.

Dagangan aktif:

Small Trade, shorting in channel

Entry: $11550.00
Target: $10719.50
Stop Loss: $11759.00

18.1% risk, 71.9%+ gain

Komen:

Trade closed, started another, didn't quite pan out; descending wedge break, used 5 minute wedge target (perhaps take profits early...?)