MKR/USDT
🟢entry: $2391-$2311
❌stoploss: $2506
🎯tp1: $2067-$2016
🔼potential %profit: +13.19%
🔽potential %loss: -6.59%
r/r: 2
🐹the market is starting to slow down, range, and to show signs of exhaustion creating a local top. many markets are red on the day; one of markets that isn’t red yet is MKR. up +46% since the first week of march, i am setting up a short here to catch a potential correction. entry is in current range, stop-loss is above the range, target is at most recent local support. orders are layered through out the box to decrease the reliance on precise entries/exits.
✌️all good luck and always practice strict risk management.
🟢entry: $2391-$2311
❌stoploss: $2506
🎯tp1: $2067-$2016
🔼potential %profit: +13.19%
🔽potential %loss: -6.59%
r/r: 2
🐹the market is starting to slow down, range, and to show signs of exhaustion creating a local top. many markets are red on the day; one of markets that isn’t red yet is MKR. up +46% since the first week of march, i am setting up a short here to catch a potential correction. entry is in current range, stop-loss is above the range, target is at most recent local support. orders are layered through out the box to decrease the reliance on precise entries/exits.
✌️all good luck and always practice strict risk management.
Comment:
entered a bit too early/stop-loss a bit too tight. eliminated on the wick for -6% loss. searching for a new short opportunity elsewhere.