ADA retests 200 MA on h4, opening 1:2 - 1:3 position
Previously, ADA reacted to 200 MA on h4 negatively and bounced down. Now, it penetrated the level and stays above. I did set my S/L based on Volume Profile. Highly conservative upside target would be below another low volume profile area, but I think we will move beyond that and it is possible to take 1:3.
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I am recording the success rate of my analysis in 2020. Here is how I am doing so far:
•A total potential reward of all my analysis is 5 out of which 2 was realized.
•The total risk of all my analysis (number of analysis) is 2 out of which 1 was realized.
•Trading based on my published analysis would equal to closing one RRR 2:1 position successfully.
•This excludes analysis on LINKBTC , BATBTC, VETBTC which haven't been concluded yet.
I will consider this analysis successful if the price gets reaches 1:2 profit, which is less than is shown on the chart. It will be considered wrong if it moves below stop loss.
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I am recording the success rate of my analysis in 2020. Here is how I am doing so far:
•A total potential reward of all my analysis is 5 out of which 2 was realized.
•The total risk of all my analysis (number of analysis) is 2 out of which 1 was realized.
•Trading based on my published analysis would equal to closing one RRR 2:1 position successfully.
•This excludes analysis on LINKBTC , BATBTC, VETBTC which haven't been concluded yet.
I will consider this analysis successful if the price gets reaches 1:2 profit, which is less than is shown on the chart. It will be considered wrong if it moves below stop loss.
Trade closed: target reached:
Nice position, target reached. Check how my other analysis are going: docs.google.com...k0_SELHLqY/edit?usp=sharin...