ONTUSDT | 15M | Heikin Ashi Candles | little Risky but in play

ONT riding the blue Moving Average but be careful. ONT has been beasting all day. When it fails to follow the blue, it'll dump down to the Pink moving average for support but as of now, trade the trend. Enter on the 2nd bull candle and exit the 1st or 2nd red candle with stop loss under the first green candle as shown. Lets see if we can profit.

Comment:

Just noticed resistance at $2.308 and vol is garbage. may be nothing to profit here but looks like the candle broke above so looking good again. treading ligthly. haha

Trade active:

Now, I will trail stop loss on the way up, moving up each candle to lock in profits. moving SL to $2.31

Comment:

Net candle should open around $2.352

Comment:

SL moved to $2.35 or if you want to lock in more profits but higher risk of SL being triggered, you can set SL at @.376

Comment:

SL moved to $2.373. Resistance forming. BTC settling down. Almost time to sell and go enjoy your night. haha love it.

Comment:

SL moved to $2.389

Comment:

SL triggered. So yeah While using Heikin Ashi candles on trading view, we have to remember its for trend trading so Make sure to flip back to normal candles to avoid the wicks coming down to pick up your SL. Those are the real candles with orders attached. Or set looser stop losses. This was a good run. Hope you had fun and still going.

Trade active:

After big correction, hopped in ONT which was at a -14%. Entered at Entry 1, add more at Entry 2 and 3. You can add more at 4 once Yellow MA start to trend up ward using Blue MA as support.....If it does. If not, price will break down and hit my stoploss which i'm fine with. use trailing stop losses as i'm doing to lock in profits.

It's always up to you when you're happy with profits but don't get greedy and let the price fall too far down. This is the 1 min chart so I'm on the battle field with the bulls against the bears.

Comment:

Stops moved up to 4%. Lets see if the Price starts to ride the Blue MA

Comment:

Trail SL moved up to 4.5% Yellow MA is safely riding the Blue train. Hope everyone is profiting. Honestly, I don't mind moving Stops up as it seems more peaceful rather than picking the top and placing limit orders and hoping it gets filled. same fold, make sure your stop loss get filled as well. Many times, my stops get undercut.

Trade closed: stop reached:

And that's it. that simple. 4.5% profit. Be happy even though it might go back up. Let look for another entry somewhere else.

Comment:

Should of moved my stops up further to $2.18 but I was in class so missed it.