ATOM/USDT
🟢entry: 29.710-28.985
❌stoploss: 27.470
🎯tp1: 41.935-40.835
🔼potential %profit: +41.15%
🔽potential %loss: -6.42%
r/r: 6.41
🐹btc is up +25% over the past 2 weeks, sentiment remains cautiously bullish. while short-term corrections will likely occur, it appears that we will see further mark-ups across crypto assets. the best way to manage risk in this situation is to enter longs in coins that have yet to undergo a substantial break-out. ATOM broke out of a descending channel at the beginning of march, corrected during the first two weeks of the month and has been in a range of accumulation for the past week. i see another break-out just starting to occur and therefore i will try to get long around the local trend line/any pullbacks in price. stop-loss below the trend line and take-profit at the higher timeframe resistance.
✌️all good luck and always practice strict risk management.
🟢entry: 29.710-28.985
❌stoploss: 27.470
🎯tp1: 41.935-40.835
🔼potential %profit: +41.15%
🔽potential %loss: -6.42%
r/r: 6.41
🐹btc is up +25% over the past 2 weeks, sentiment remains cautiously bullish. while short-term corrections will likely occur, it appears that we will see further mark-ups across crypto assets. the best way to manage risk in this situation is to enter longs in coins that have yet to undergo a substantial break-out. ATOM broke out of a descending channel at the beginning of march, corrected during the first two weeks of the month and has been in a range of accumulation for the past week. i see another break-out just starting to occur and therefore i will try to get long around the local trend line/any pullbacks in price. stop-loss below the trend line and take-profit at the higher timeframe resistance.
✌️all good luck and always practice strict risk management.
Comment:
update: stopped-out for -7%. in hindsight, adding a trailing stop-loss after price began to grow would have been wise.