Simple strategy:
1. Assume you are wrong.
2. Remember - we are in a bear market.
3. Reversed head and shoulders pattern is forming on 4H indicating a possible temporary trend reversal.
4. According to strategy, there is a possibility of a positive pattern recognition if 3600 levels are not tested.
5. Invest 1% of capital on 5x leverage at $3668.9 (enter trade)
6. Set up a stop-loss at 3600.
7. If stop-loss is reached, do not enter the market until any of the top/bottom levels mentioned in this analysis is reached.
7. Take 50 % profits at T2 ($4364.7)
8. Move stop-loss to $3944.7
9. Exit trade at $5247.8
10. Move 30% of profits to hardware wallet, pay out 30% of profits to a bank account, re-invest remaining 40% of profits in the future.
This is not financial advice - I'm simply looking for my own mistakes. Let's collaborate & make it work ...together.
1. Assume you are wrong.
2. Remember - we are in a bear market.
3. Reversed head and shoulders pattern is forming on 4H indicating a possible temporary trend reversal.
4. According to strategy, there is a possibility of a positive pattern recognition if 3600 levels are not tested.
5. Invest 1% of capital on 5x leverage at $3668.9 (enter trade)
6. Set up a stop-loss at 3600.
7. If stop-loss is reached, do not enter the market until any of the top/bottom levels mentioned in this analysis is reached.
7. Take 50 % profits at T2 ($4364.7)
8. Move stop-loss to $3944.7
9. Exit trade at $5247.8
10. Move 30% of profits to hardware wallet, pay out 30% of profits to a bank account, re-invest remaining 40% of profits in the future.
This is not financial advice - I'm simply looking for my own mistakes. Let's collaborate & make it work ...together.
Trade active
T1 hit succesfull.Trade active
Nice bounce, mental note :Trade active
Danger zone - stop loss @3847.3Trade active
Trade closed: stop reached
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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.
Related publications
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.