XRPUSDTIts clearly making LL on 4h and trading in a bearish channel
As always i am sharing with u all both trade plans for new entries .. Trade with discipline.
Hedgetrading
What is Hedging ?🔵 Hedging
Investment banks and other institutions use call options as hedging instruments. Just like insurance, hedging with an option opposite your position helps to limit the amount of losses on the underlying instrument should an unforeseen event occur. Call options can be bought and used to hedge short stock portfolios, or sold to hedge against a pullback in long stock portfolios.
When an asset reaches a higher price, it usually attracts more attention from traders and investors, which pushes the market price even higher. This continues until a large number of sellers enter the market – for example, when an unforeseen event causes them to rethink the asset’s price. Once enough sellers are in the market, the momentum changes direction and will force an asset’s price lower.
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HARMONICS IN MINUTESThis style is Hedge trading, creating a full sized risk free position in both directions.
Closing 50% of each position at 2R creates a risk free position, should price move to the stop loss, profit for each position would be 0.75R
Closing 50% of each remaining position at 4R Secures 2R profit on all positions, should price move to the stop loss, profit for each position would be just over 1.9R
Closing 50% of each remaining position at 8R Secures 3R profit on all positions, should price move to the stop loss, profit for each position would be 2.875R
