ST Long Entry Zone
Closer look at the method I use to identify entry. I will tend to buy a small amount with no stop loss on the candle i think will get closest to the bottom trendline, wait to see if next candle confirms uptrend, and then buy the majority of the order there with some left over to throw in as the price action is certain to move up from the channel. Ill set my stop loss during any time the price action slows and mix market and limit orders depending on how quickly its moving. Use the fib channel levels to determine limit prices as well as stop loss levels. So far $16-$30 of variance is a good idea for anything that requires reliability if trading perps using 1-5min charts(this one is 15m).
Trade closed: stop reached
Longs Closed with minimal losses, looking for signals to re-enter, worst case scenario is what would have been accumulation buyers targeting 98k is turning into an accumulation zone for sellers looking to take it below 91k
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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.