Swing Trade (Daily,4H)
On daily price is in sellers territory and Ranging for a long period. We got a nice pullback to the Resistance Level 0.00001286 level and we turned many people into buyers. This is a conservative entry and proper Risk Management needs to be taken. As we are correlating with BTC, BTC is on Bulls run and so, BTC has a +5 weakness.
Entry: 0.00001265
TP: 0.00001075
Stop loss: 0.00001433 ( Little wider as there is a chance to leave a spike)
Position Size: 1% Risk on your capital/0.84 (BTS)
Risk/Reward: 1:3 So, Proper RR is maintained.
If TP is hit then we will be at 16% profit.
What can go wrong with this trade:
1) As the momentum is not 100% faded out there can be a test till 0.00001370.
2) If it leaves a big spike then we might hit our SL.
On daily price is in sellers territory and Ranging for a long period. We got a nice pullback to the Resistance Level 0.00001286 level and we turned many people into buyers. This is a conservative entry and proper Risk Management needs to be taken. As we are correlating with BTC, BTC is on Bulls run and so, BTC has a +5 weakness.
Entry: 0.00001265
TP: 0.00001075
Stop loss: 0.00001433 ( Little wider as there is a chance to leave a spike)
Position Size: 1% Risk on your capital/0.84 (BTS)
Risk/Reward: 1:3 So, Proper RR is maintained.
If TP is hit then we will be at 16% profit.
What can go wrong with this trade:
1) As the momentum is not 100% faded out there can be a test till 0.00001370.
2) If it leaves a big spike then we might hit our SL.
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