I usually don`t post my trading plan, but this time wanted to share. This is my personal plan and not a financial advise. Whichever way this thing breaks, I plan to take part. This will not be as easy as my lines, but it depicts the general idea. I will mange the plan closely and adjust as price action unfolds. Will take profit along the way and stash some for the hodl bag. Let's see how this plays out, but things will most likely start to move within a couple of weeks. Good luck traders.
Kommentera:
Price just broke above green line. Waiting for a retest to go long...
Handel aktiv:
long trade is on.
Kommentera:
After being range bound over the weekend, price is trying to break out. seeing a little bit of volume increase as well. So far so good. Will add more to the open position after support above 58k is confirmed.
Kommentera:
Getting wobbly!!! Might get stopped out!!
Trade stängt manuellt:
When the 59k resistance zone blocked the breakout, I didn't want to risk the whole position. So, I took off 30% on the bounce to 56.6k. For the rest, I moved up my stop loss to 55k from 54.3 k. Obviously, I am out for now. Let's see if the down side plays out now. I might sit out the short play and wait for the price to bottom out. This trade didn't work out, but with proper risk management, I was able to minimize the loss. I might take a couple of scalp trades to make up for it, or if price goes range bound again, it'll be quite easy to make up for the tiny loss. It was less than half a percent. As a trader I keep doing the same until it works. And when it does work it becomes multiple hundred percent gains. I'll try my luck next time.
