Position Sizing in XMR, would come in to 360 for a buy
The technicals on here have worked before in other bullish types of runs. In our case now, there are some overhead resist points but I'd rather use the fibonacci trend extensions and close parts of my position and move my stop higher.
Entry is at the 9 period moving average and I plan on selling each portion of the long position at
1/6 at 390
1/6 at 435
1/6 at 480
1/6 at 544
Rest at 625
This type of trade I have not made a pyramid of equal lot sizes but when the path of least resistance is higher its good to just use hard numbers to scale out in even sized exits, just my opinion.
Entry is at the 9 period moving average and I plan on selling each portion of the long position at
1/6 at 390
1/6 at 435
1/6 at 480
1/6 at 544
Rest at 625
This type of trade I have not made a pyramid of equal lot sizes but when the path of least resistance is higher its good to just use hard numbers to scale out in even sized exits, just my opinion.