Wait for hourly bounce to reach 60 RSI and start scaling into a SHORT. Continue scaling in while/if it keeps pushing to 70 RSI.
Close when Hourly RSI breaks below 30 again. Rinse and repeat.
Close when Hourly RSI breaks below 30 again. Rinse and repeat.
Kommentera:
Unfortunately clicking the play button only updates the price, not the RSI indicator. As you can see below, the hourly RSI reached 60 RSI and continued to push to 68ish. I started scaling into a short when we reached 60 RSI. Will close when we reach 30 or below RSI.
Kommentera:
Hourly RSI Reached 28. Short CLOSED for now.
Entry: 8710 Average
Exit: 8310
Will Reshort when hourly RSI bounce reached 60 RSI. Continue to scale til/if we reach 70 RSI hourly.
Entry: 8710 Average
Exit: 8310
Will Reshort when hourly RSI bounce reached 60 RSI. Continue to scale til/if we reach 70 RSI hourly.
Kommentera:
Started scaling into a short at 60 hourly RSI and continued til we reached 68. SHORT Open.
Entry Average: 9355
Entry Average: 9355
Kommentera:
Correction: Entry Average is 8355 not 9355. Will update on position exit