STEEM is drawing funny patterns. Since sentiment is turning bullish more and more, here's my trade idea for it.
Entry at retest just above 12k support with narrow stop loss (just bellow 0.786 Fib retracement level) with three main targets - 0.618 retracement level of last drop, previous high and 1.272 extension.
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Entry at retest just above 12k support with narrow stop loss (just bellow 0.786 Fib retracement level) with three main targets - 0.618 retracement level of last drop, previous high and 1.272 extension.
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Trade active
It took a while, but I'm in. Not "ALL IN", just a small amount :)I had to extend position on the chart.
Note
I'm closing 1/3 here.Note
Adding new small position with the same entry as previous one and tighter stop loss.Note
Also second trade is active.Note
Second trade hit stop loss :(Trade closed: stop reached
And 2/3 of first trade closed at stop loss.
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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.
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.