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[Swing Trade] BITUSD short from HTF resistance

Hello fellow traders,

This chart should be pretty self-explanatory. At and above entry we have a cluster of HTF resistances. I would argue that this is a relatively low-risk trade because of the confluences at that level. Take a profit when the trade has been completed for 50% and move your stop-loss to entry.

Good luck and happy trading!

Kind regards,
n1d0

Ghi chú

For less risk, but lower reward this is a good idea:

Above the stop-loss, we have 2 daily levels. You could open 50% of your position on the entry provided in the original idea ($0.786), and open the rest at the 2 daily levels ($0.834). Stop-loss percentage stay the same.

Less risk, but potentially 50% less reward.

Ghi chú

Almost there.

Giao dịch đang hoạt động

This trade is now active

Giao dịch đang hoạt động

Trade is going well, too bad we are in a weekend.

We are at the first support, taking a small profit might be a good idea.

Moving the Stop-Loss to entry might also be a good idea.

Good luck!

Giao dịch được đóng thủ công

Well, that's it for me. Closed at break-even.
On to a better trade!

Giao dịch được đóng thủ công

It seems like it's another episode of "Stick to the Plan"...

Ghi chú

Stick to the plan next time, have some confidence...

Ghi chú

My first idea posted on TradingView was fantastic, ironically I chickened out of the trade. Check the original idea and comments.

n1d0

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Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.

n1d0