It's also pretty in the middle of a longer range of price action range with no real reward and a lot of risk to be found at this price point.
You can look at it technical, you can say it's due to politics (like that has always been a solid in the past...), you can blame it on the fomo and the news...
You always have a choice when to act and what to do when you act. Just be smart about it ;-)
Cheers!
You can look at it technical, you can say it's due to politics (like that has always been a solid in the past...), you can blame it on the fomo and the news...
You always have a choice when to act and what to do when you act. Just be smart about it ;-)
Cheers!
Trade active
My apologies! I've neglected to update this Idea after the 3rd of Feb crash but if you look at the current state; it dipped right on the top of the "Wait for it" box. On Socials we posted on the 3rd of Feb that we'll be waiting on another drop to collect the break-even/stop-losses of early buyers and hope to trap some panic shorters.
We touched back in the 'Lessgoo' box and have open a speculative position (1/3rd of the positions budget though, just to be safe and to compound up to a full position on any SL hunts in the upcoming days).
From a risk management perspective it's crucial for any compounding additions to the position to check market structure, volume and open interest on exchanges. We do have a Stop-Loss set just in case but it has a decent amount of breathing space before collected.
Stay safe trading!
No Need To Risk It All!
Ben jij de markt of maak jij de markt?!
Are you the market or do you make the market?!
Are you the market or do you make the market?!
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.
Ben jij de markt of maak jij de markt?!
Are you the market or do you make the market?!
Are you the market or do you make the market?!
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.