Take Profit - 0.024290 Take Profit2- 0.024330 Take profit 3- 0.024443 Take profit 4- 0.02875
Stop Loss 0.023981
See the comments section for how to scalp successfully.
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We are trading fluid-
When first take profit target is hit- click on the 100% adjust to 25% click market order.
Adjust stop loss to entry.
I will be here to guide you through the trade, Refresh trade often
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Entry was 0.24031
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Take profit 0.24238- double top forming- Adjust stop Loss to entry
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Re entered support 0.023969
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Take profit targets are the same, but this adjusting stop loss and monitoring the trade allows us to take some profit and then re enter trade if our entry is hit so we keep our profits. Stop loss beginning of this trade. 0.023859. We want this candle to close above 0.024168.
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We want to see if the 30 day ema continues to hold as support in this trade, we are trying to break the 10 day ema. Shib has opened on top of the 10 day ema
Now on the older Binance accounts I am able to place a close stop limit order on the trading screen and set it to 25% and this enables me to auto take profit. I am not to sure how this is for you , you can always set your take profit at number 3, from my trades. Take profit 4 is always a bonus
What do we do now that we have taken 3 take profits?
Move your stop loss to entry :) We want to keep all our profits from Binance.
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Okay so we had a huge vector candle and we are in retracement what are we looking for a retest of the 10 day ema firstly. Now the majority of this trade the 30 day ema has been holding as support so we want to see if this holds true.
Why are we going through this when we only have 25% of the profit in, well, For some this may be a large position size , You want to get maximum profits out as a scalper and three, You may not want to sit down idly waiting to see your stop loss (Now entry) hit. Cause you may miss another scalp.
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Shib has formed a double bottom after testing the 10 day ema
On validation of the trade after seeing the double bottom then you may want to add position size, this will increase your entry position and the take profit targets and methodology can be seen below.
You must also not only use indicators but look at the candle stick so your eyes must b attune to seeing patterns, shib here seems to be breaking out of a triangle.
The 10 day ema has been retested, this is the first thing you are looking for to continue into the trade because it is our 1st line of support in our trading method.
Resistance being tested, daily open being restested tested a whole lot of testing
For those of us who kept in or 25% then we are still in trade, Persons who added leverage, if there stop loss was moved to entry as i said, then they are stopped out.The rest of us are looking to see if this liquidity grab the rest of us are awaiting take profit 4.
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For those of us who kept in or 25% then we are still in trade, Persons who added leverage, if there stop loss was moved to entry as i said, then depending on the position size they are stopped out
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You want the previous resistance level act as support
I got distracted and did not realize that the coin almost touched the take profit 4, so i show you how and where you should take your profit in an event like this
We are retesting the previous resistance level, now as a scalper some 4 hours ago we took take profit 1 2 and 3, Now as i mentioned, the 4th target is always a semi swing position because we know that we will have some retracement, sideways movement before attempting to set new highs. I wanted to make this as comprehensive as possible so i set a target which i knew would allow this. However the real scalper in you should be setting up another trade.