Hi guys, this is my trading for today morning.
BATUSDT is moving strongly, toward to local resistance 0.31xx-0.32xx. I decided to open LONG position because of these reasons:
1. RSI: RSI moved and break 50 => upward movement in short-term will happen.
2. MACD: MACD is moving above Signal line. Beside, high of MACD histogram is increasing.
3. Price broke up local top at 0.3033. This is important confirmation, it reflects bull's power at this time.
- Our trouble in this position is stop-loss price. I am considering two stop-loss level: 0.2935 and below 0.2914. If I use 0.2914 as stop-loss price, RR ratio will be not manage effectively. Therefore, I pick 0.2935 as stop-loss price.
Here is my set up for LONG position:
- Entry price: 0.3059.
- Take-profit price: 0.3165.
- Stop-loss price: 0.2935
- Leverage: 10x
BATUSDT is moving strongly, toward to local resistance 0.31xx-0.32xx. I decided to open LONG position because of these reasons:
1. RSI: RSI moved and break 50 => upward movement in short-term will happen.
2. MACD: MACD is moving above Signal line. Beside, high of MACD histogram is increasing.
3. Price broke up local top at 0.3033. This is important confirmation, it reflects bull's power at this time.
- Our trouble in this position is stop-loss price. I am considering two stop-loss level: 0.2935 and below 0.2914. If I use 0.2914 as stop-loss price, RR ratio will be not manage effectively. Therefore, I pick 0.2935 as stop-loss price.
Here is my set up for LONG position:
- Entry price: 0.3059.
- Take-profit price: 0.3165.
- Stop-loss price: 0.2935
- Leverage: 10x