CRYPTO: YFIUSDT Short Term Long Setup

We booked profits on the recent short. It dropped to the lower channel support and from there, we've taken a long position with our stops just below. It's a very tight stop loss but the position size is also small. If this does move to the upside, I may look to add to the position on pullbacks.

Trade closed: stop reached

Trade active

I re-entered on the 3min chart at the close of the bullish hammer candle, with stop just below the wick.

Note

Added to my long position on the pullback to the trendline. Looking to close part of the position soon and it will then be running as a risk-free trade.

Note

I have now closed 50% of my position. This is now a risk-free trade and will be profitable even if my stop loss is hit. I find this is a better way to manage risk as a pose to moving the stop less to break even.

When we move stops to break even too early, we're not giving the pair room to breath and as we saw, pullbacks can be quite deep, almost 100%.

Trade closed: target reached

Hit TP and have a new long position setup.

AEFX786

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AEFX786

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