forming a possible descending triangle, after the pump we had this is probably a continuation pattern, waiting to see the reaction at the support if all looks good then enter a Long/Buy with Good R:r setup.
the reason why I say WAIT is because of the heinous wicks we have. it's better to wait for a candle close above support rather than blindly entering, we might miss the entry by few sats but at least we have confirmation we need.
the reason why I say WAIT is because of the heinous wicks we have. it's better to wait for a candle close above support rather than blindly entering, we might miss the entry by few sats but at least we have confirmation we need.
Note
Still waitingNote
Guys this LONG term trendline has been broken, not enough follow-through so I am expecting support to hold as per my setup, I am gonna be busy today but will leave those bids active as per my setup if you are active then leave small bids for now & enter original size once support is tested
The best traders know that patience is the key to making successful trades. Don't trade too often and avoid overtrading. Before you make a trade, you need to understand your risk-reward ratio. Proper risk management is more important than making money
“Confidence is not "I will profit on this trade." Confidence is "I will be fine if I don't profit from this trade.”
― Yvan Byeajee, The essence of trading psychology in one skill
Trade active
Small bids filled, not overexposing until I see the good reaction, need 2 more 3hr candles to be more confidentNote
small bids are 10% of what i normally use example if you trade with 100$ on average every position for this I have used only 10$
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.