Long

Shib Scalp Long

Updated

Shib is ready to go higher

Hand me my light Saber

Entry Market-

Take Profit - 0.024290
Take Profit2- 0.024330
Take profit 3- 0.024443
Take profit 4- 0.02875

Stop Loss 0.023981

See the comments section for how to scalp successfully.

Note

We are trading fluid-

When first take profit target is hit-
click on the 100% adjust to 25% click market order.

Adjust stop loss to entry.

I will be here to guide you through the trade, Refresh trade often

Note

Entry was 0.24031

Note

Take profit 0.24238- double top forming-
Adjust stop Loss to entry

Note

Re entered support 0.023969

Note

Take profit targets are the same, but this adjusting stop loss and monitoring the trade allows us to take some profit and then re enter trade if our entry is hit so we keep our profits. Stop loss beginning of this trade. 0.023859. We want this candle to close above 0.024168.

Note

We want to see if the 30 day ema continues to hold as support in this trade, we are trying to break the 10 day ema. Shib has opened on top of the 10 day ema

paste.pics/3197b4338d92da8293407856a9ec9d6b

Note

We are meeting resistance at 0.024182 and this is the reason why:
paste.pics/4fef580c3b8b4a4ebca401a9532d2cc9

We want to be trading with our 10 day ema up and our 30 day ema, We want these to act as support levels as well

Note

The 30 day ema is holding as support for now

paste.pics/c5afcad8a5e9178b03ba055f829a0b61

Note

Take Profits 1 2 and 3 Hit,

Now on the older Binance accounts I am able to place a close stop limit order on the trading screen and set it to 25% and this enables me to auto take profit. I am not to sure how this is for you , you can always set your take profit at number 3, from my trades. Take profit 4 is always a bonus

paste.pics/e9e8513871a10906d2a2d7d75a6140f5

Note

What do we do now that we have taken 3 take profits?

Move your stop loss to entry :) We want to keep all our profits from
Binance.

Note

Okay so we had a huge vector candle and we are in retracement what are we looking for a retest of the 10 day ema firstly. Now the majority of this trade the 30 day ema has been holding as support so we want to see if this holds true.

Why are we going through this when we only have 25% of the profit in, well, For some this may be a large position size , You want to get maximum profits out as a scalper and three, You may not want to sit down idly waiting to see your stop loss (Now entry) hit. Cause you may miss another scalp.

Note

Shib has formed a double bottom after testing the 10 day ema

paste.pics/fd76e1f1fd79382708f03815c67ccf2b

Note

However the 10 day ema may be retested again.

Note

On validation of the trade after seeing the double bottom then you may want to add position size, this will increase your entry position and the take profit targets and methodology can be seen below.

paste.pics/709700f4abde0a90913c41b6fe0acc84

Note

You must also not only use indicators but look at the candle stick so your eyes must b attune to seeing patterns, shib here seems to be breaking out of a triangle.

paste.pics/c855e58e553ce5350c32e4e5c8959ef6

The increase position size hit the take profit target exactly, explanation methodology below

paste.pics/134ff96c963288f1cfb5b9a6d74bc504

Note

The 10 day ema has been retested, this is the first thing you are looking for to continue into the trade because it is our 1st line of support in our trading method.

Resistance being tested, daily open being restested tested a whole lot of testing

paste.pics/72e201f848778dbde52e43fb99b19c43

Note

Liquidity grab is taking place- What you need to do to look for.

paste.pics/8b195898b7ff4eef570180fb6ea3dfe7

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For those of us who kept in or 25% then we are still in trade, Persons who added leverage, if there stop loss was moved to entry as i said, then they are stopped out.The rest of us are looking to see if this liquidity grab the rest of us are awaiting take profit 4.

Note

For those of us who kept in or 25% then we are still in trade, Persons who added leverage, if there stop loss was moved to entry as i said, then depending on the position size they are stopped out

Note

You want the previous resistance level act as support

paste.pics/e368cd8bf487b69954b74c907177144a

Note

The previous resistance broke so now we are looking for the 10 day ema to hold
paste.pics/5ff3d1f9b594509b4d4f8d5e51cc0980

Note

I got distracted and did not realize that the coin almost touched the take profit 4, so i show you how and where you should take your profit in an event like this

paste.pics/93ca053258fc85dc5ef0f81439882e09

Note

We are retesting the previous resistance level, now as a scalper some 4 hours ago we took take profit 1 2 and 3, Now as i mentioned, the 4th target is always a semi swing position because we know that we will have some retracement, sideways movement before attempting to set new highs. I wanted to make this as comprehensive as possible so i set a target which i knew would allow this. However the real scalper in you should be setting up another trade.

paste.pics/6fe78e04ba2073eb3b64167d718a0823

Note

That is it my friends, I hope this proves useful to you.

paste.pics/246e5c68c1d2b12abf0d1bec912ad70b

Trade closed: target reached

Skywalker-thelastjedi

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