Trade Direction:
AAVE Long
Risk Management:
- Risk halved because of weekend
- Halved again as counter HTF trend (Bearish)
- 0.25% risk
Reason for Entry:
- OTE Retracement
- Failure to displace on this bearish leg
- Key support
- Oversold M15
- M5 Ts
- M5 Bull Div
- H1 and M30 FVG
Additional Notes:
- Target EQHs then HTF DOL at 291
- Probably one of the weaker alts and if btc rolls over this will get stopped. If it breaks out of EQHs expect that imbalance to get aggressively swept to 291.
- SL At 0.886 retracement because my system dictates if the FVG gets fully mitigated we are going to sweep the H1 Protected
- Losing FVG (Fully mitigating it) would invalidate this idea.
- Highly risky as no MSB / CHoCH has formed for bulls.
Last trade of the day for me. Until I get a potential short trigger above 106,500 btc no more trades till tomorrow. Have a good weekend.
AAVE Long
Risk Management:
- Risk halved because of weekend
- Halved again as counter HTF trend (Bearish)
- 0.25% risk
Reason for Entry:
- OTE Retracement
- Failure to displace on this bearish leg
- Key support
- Oversold M15
- M5 Ts
- M5 Bull Div
- H1 and M30 FVG
Additional Notes:
- Target EQHs then HTF DOL at 291
- Probably one of the weaker alts and if btc rolls over this will get stopped. If it breaks out of EQHs expect that imbalance to get aggressively swept to 291.
- SL At 0.886 retracement because my system dictates if the FVG gets fully mitigated we are going to sweep the H1 Protected
- Losing FVG (Fully mitigating it) would invalidate this idea.
- Highly risky as no MSB / CHoCH has formed for bulls.
Last trade of the day for me. Until I get a potential short trigger above 106,500 btc no more trades till tomorrow. Have a good weekend.
Trade closed: stop reached
Stopped -1R (0.25%) Trade review tomorrowNote
Trade review: AAVEWeakest of my trades over the weekend and one I'm not overly proud off.
No MSB/CHoCH to give a higher probability trigger to enter
Because that wasn't confirmed price just continued its slow grind down and stopped before market reversal. Peak sunday price action
Its likely this will be one of my last alt coin trades on a weekend in a while. Focus will be majors, more liquidity and cleaner charts.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.