The above trade idea is based on symbol BTCUSDT - Binance.
This trading plan involves 3 trades.
Trade 1: Short off resistance.
SL 1.5% above Entry, ladder in 0.5% above/below entry. When TP1 is hit move SL to entry, when TP2 is hit move SL to TP1.
Trade 2: Short Zone - psy-High/d-Resistance/adr-High/High Volume Recovery
SL 1.5% above Entry, ladder in 0.5% above/below entry. When TP1 is hit move SL to entry, when TP2 is hit move SL to TP1.
Trade 3: Long Zone - naked-dOpen/naked-POC/High Volume Recovery/Deviation from mid channel.
SL 1.5% above Entry, ladder in 0.5% above/below entry. When TP1 is hit move SL to entry, when TP2 is hit move SL to TP1.
Three alerts have been set.
Risk Management is always important. Let the trade come to you.
Do Techincal Analysis(TA) stick to your plan, let the trade come to you, and don't FOMO, if your plan does not come to fruition (not hit) then you have not lost any money, have a SL to ensure best practice so you can continue trading, journal your trade for self development and reflection.
This trading plan involves 3 trades.
Trade 1: Short off resistance.
SL 1.5% above Entry, ladder in 0.5% above/below entry. When TP1 is hit move SL to entry, when TP2 is hit move SL to TP1.
Trade 2: Short Zone - psy-High/d-Resistance/adr-High/High Volume Recovery
SL 1.5% above Entry, ladder in 0.5% above/below entry. When TP1 is hit move SL to entry, when TP2 is hit move SL to TP1.
Trade 3: Long Zone - naked-dOpen/naked-POC/High Volume Recovery/Deviation from mid channel.
SL 1.5% above Entry, ladder in 0.5% above/below entry. When TP1 is hit move SL to entry, when TP2 is hit move SL to TP1.
Three alerts have been set.
Risk Management is always important. Let the trade come to you.
Do Techincal Analysis(TA) stick to your plan, let the trade come to you, and don't FOMO, if your plan does not come to fruition (not hit) then you have not lost any money, have a SL to ensure best practice so you can continue trading, journal your trade for self development and reflection.
Trade 2. 6.4% move. Several take profits up to 5% then trade was closed.
Trade 3. Still on the books.