BTC is still in the channel upwards, but weaker in Momentum. Still I expect a re-test of 11800, which would be a scalping opportunity for me.
I will:
Scalp ( BTC , long)
Enter 11600- 11620
Exit1: 11689
Exit2: 11725
Exit3: 11780
General rules in my trades (scalping/ intraday trading):
-Exit1 and Exit2 is the exits I use generally, Exit3 is just for risk lovers.
-If not otherwise specified, I would recommend a stoploss at the price of around 2% change at the unwanted direction. Although, I must say that the stoplosses are very individual and you need to decide it for yourself depending on how much you cope with "pain and pleasure" in trading.
- I would not recommend a high leverage trading.
- SCALPING IS A HIGHLY VOLATILE/DYNAMIC GAME, because of that please follow my updates, that I try to publish when necessary.
I will:
Scalp ( BTC , long)
Enter 11600- 11620
Exit1: 11689
Exit2: 11725
Exit3: 11780
General rules in my trades (scalping/ intraday trading):
-Exit1 and Exit2 is the exits I use generally, Exit3 is just for risk lovers.
-If not otherwise specified, I would recommend a stoploss at the price of around 2% change at the unwanted direction. Although, I must say that the stoplosses are very individual and you need to decide it for yourself depending on how much you cope with "pain and pleasure" in trading.
- I would not recommend a high leverage trading.
- SCALPING IS A HIGHLY VOLATILE/DYNAMIC GAME, because of that please follow my updates, that I try to publish when necessary.
Trade closed: target reached
Target 1 and 2 have been reached. 3rd target is only for risk lovers.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.