SANDUSDT.P trade idea - 4H Ichimoku levels
Here we trade SANDUSDT using 4H Ichimoku levels/zones.
What do we see?
- price made a higher high
- RSI appears to remain bullish (higher high)
It further looks like we did not yet reach our take profit area. We might therefore expect a higher push, towards zone 1.
For our entry, we identified what looks like a gap in the 4H Ichimku conversion line (Tenkan sen, bleu line). Indicated by the arrows left on the chart. We draw a zone and yes, it looks like we did find support on that level. We enter for a long position with 25% of our budget, 1x leverage. Take profit on zone 1. Stop loss below the next support level underneath our zone.
Remember: this is just an idea, NOT financial advice. Please do NOT take this trade, as it may run into a loss. Only take trades that fit YOUR plan and/or risk tolerance. Happy trading!
What do we see?
- price made a higher high
- RSI appears to remain bullish (higher high)
It further looks like we did not yet reach our take profit area. We might therefore expect a higher push, towards zone 1.
For our entry, we identified what looks like a gap in the 4H Ichimku conversion line (Tenkan sen, bleu line). Indicated by the arrows left on the chart. We draw a zone and yes, it looks like we did find support on that level. We enter for a long position with 25% of our budget, 1x leverage. Take profit on zone 1. Stop loss below the next support level underneath our zone.
Remember: this is just an idea, NOT financial advice. Please do NOT take this trade, as it may run into a loss. Only take trades that fit YOUR plan and/or risk tolerance. Happy trading!
Trade closed: stop reached:
The most terrible thing happened, we got stopped out!
No worries though, we didn't let our loss get out of hand. And more importantly, we trade our system and it will always give us new opportunities in the markets.
Before we close the chart and move on with our lives, we scan for those opportunities. Zone 1 may give us a short trade in the future, we set our alert to 0.63 USDT.
Stay focused, stay positive, happy trading!
No worries though, we didn't let our loss get out of hand. And more importantly, we trade our system and it will always give us new opportunities in the markets.
Before we close the chart and move on with our lives, we scan for those opportunities. Zone 1 may give us a short trade in the future, we set our alert to 0.63 USDT.
Stay focused, stay positive, happy trading!