Day Trading Futures - Luna Trade Set Up
Entry: 86.52- 87.18
Take Profit 1 - 88.33
Take profit 2- 88.84
Take Profit 3- 89.67
Take Profit 4- 90.00
Leverage - 20x
Stop Loss- 85.20
Entry: 86.52- 87.18
Take Profit 1 - 88.33
Take profit 2- 88.84
Take Profit 3- 89.67
Take Profit 4- 90.00
Leverage - 20x
Stop Loss- 85.20
Kommentera:
Entry taken- 86.70
Kommentera:
We are waiting long for Luna to rev up, but luna is going to rev up!
Kommentera:
Stop Loss adjusted to 83.86- Not ideal trading but i feel my stop loss is to tight for my position size
Kommentera:
Decision to move the stop Loss, was made because, to place a stop loss directly on the support , as noted on the chart makes no sense as the coin will search for support in a downtrend
Kommentera:
Decision to move stop loss proved absolutely correct( well if i lose this trade it will prove to be a shambles) as luna blue past stop loss , However support on the 4 hr chart held. It is declining at a faster rate than bitcoin which is worrying.
Trade stängt: Stopp nått
Kommentera:
Luna Trade idea was correct but entry was taken incorrectly- I abandoned the trade, however the lesson learn is that we MUST take entry on support. Also I could have exited the trade when it returned to my entry price and then reenter the trade after more analysis