This a big short!
I just hopped into this toncoin short.
On top of my trading plan and strategy I also identified what looks to be a falling wedge type of pattern, am already bearish so my bias is that it will break to the downside.
Its measured target is $3.2939 but am looking to scale out most of the position around $3.4955. That be roughly 3.7RR from my entry
...alts are capitulating!
I just hopped into this toncoin short.
On top of my trading plan and strategy I also identified what looks to be a falling wedge type of pattern, am already bearish so my bias is that it will break to the downside.
Its measured target is $3.2939 but am looking to scale out most of the position around $3.4955. That be roughly 3.7RR from my entry
...alts are capitulating!
Note
For $toncoin there is a decent probability that it will attempt to push a bit higher again so I adjusted my stop to $3.778If still get stopped then I'll look to re-enter around the same area, the increase RR from the higher entry will be enough to cover the initial loss if happen plus make the same amount of RR like current position as if there wasn't a loss.
Note
Repositioned $toncoin short
Note
I got wicked out on toncoin again. Am leave this pair be for now. I entered a replacement trade on 
RUNE
this the scam wick on toncoin:
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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.