ICP Trading plan for those who are out of position / long setupSo , today I decided to share with you my trading plan for this coin , this is due to the fact that most likely now a lot of people have missed the growth and comfortable entry points for altos , and in the market as a whole , and there are probably such among my readers , too , so right now I will tell you the whole plan for recruiting positions with excellent medium - termgoals .
Let 's start with the current situation , we have a clearly formed head and shoulders figure , its border is broken , which means it is confirmed . I believe that the price will continue its decline to the key support block of 5.2-4.9$, this decline fits perfectly into the structure of the market, it will demolish the stops on a similar decline in Bitcoin, thereby cooling the overheating. Why is the decline in this particular block ? This. the range is very strong and valid , and also confirmed by time , pay attention to how the price reacted in these price values .
Now , after we have identified a block that is comfortable for a position set , we begin to gradually gain a position , in this range we gain 50% of the allocated amount and put a stop that I marked on the chart , the execution of this stop in my opinion breaks the ascending structure and shows weakness . In general, you scored 50% of the amount that you allocated for this transaction and set a stop, now it remains for us to observe and get a position according to the buyer's reaction (noted on the chart), IT is IMPORTANT to do this on a clear confirmation and fixing on local time intervals (4h), so you have carried out another set already with CONFIRMATION that on our market is extremely important .
Congratulations, the main work is done, now we are just waiting for the full absorption of sales (falling) and already after the breakdown of $ 6.1 we add the final remaining amount to the position and hold it to our goals, after a bold breakdown and exit for $ 6.2, you can safely transfer the stop to no loss, it is important to note that your amount of addition should decrease, thatit would be hard not to shift your entry point .
If you have any questions about the transaction , I will answer in the comments , write . There are also a lot of current setups on the channel . Good luck in trading
