#WAVES #cryptocurrency #WAVESBTC ready for the swing move

after wiping out traders that set stops. Stops are very useful in principle if you're unable to watch the market constantly, but you open yourself up to the risk of something like this (in the blue box). One might argue it's a large position exiting and stops contribute to a short-term capitulation, when it closes unchanged it's apparent the swing setup is still intact. In this case, if you had a wide stop you were stopped out at a relatively big loss even though the trade is still in play. To avoid moves like this, consider the overall market feel and take some solace if it's showing strength - even if a trend is breaking down you will likely get an exit that is closer to your ideal stop loss.

Great risk/reward still on the table with 1:2 minimum and likely 1:4.