Setup is pretty smooth and easy to do
Green circle shows where i can enter the trade. I'm planning 2 entries in it. ( $77 and $57) Stop Below the ATL
I may compound on the way up, if that happens
It is not suitable to risk lower than R and risking more than 5R,
I have to make an exception because while market retracing i need as much as cash i could spare.
I have too much altcoin trades/waiting orders so my rules says do not overexposure myself is a must and its not negotiable!
I can risk .75 R for 4-5 trades if i wont close/take profit with my current trades.
Since shitcoins has too much to offer i'm ok with low risk/reward.
.....................................
The Color Map of The Chart
Red = (M)onthly
Yellow = (w)eekly
White = (D)aily
Green = 4H
Blue = 1H
Rainbows = Mins
.....................................
Green circle shows where i can enter the trade. I'm planning 2 entries in it. ( $77 and $57) Stop Below the ATL
I may compound on the way up, if that happens
It is not suitable to risk lower than R and risking more than 5R,
I have to make an exception because while market retracing i need as much as cash i could spare.
I have too much altcoin trades/waiting orders so my rules says do not overexposure myself is a must and its not negotiable!
I can risk .75 R for 4-5 trades if i wont close/take profit with my current trades.
Since shitcoins has too much to offer i'm ok with low risk/reward.
.....................................
The Color Map of The Chart
Red = (M)onthly
Yellow = (w)eekly
White = (D)aily
Green = 4H
Blue = 1H
Rainbows = Mins
.....................................
Trade closed: stop reached