Description
⋅ See the description on the chart
I will update the chart when i have ten likes.
bitmex.com/register/2Zkkvg Trade active
⋅ Short 15x
Looks like we took option A here, and broke through the resistance -
Comment
⋅ Be careful Guys,
Tight Stop Losses - This could always be a Bear Trap.
I have a trailing stop to lock in profits and close me out at the first glint of a reversal.
However, I have NO take profit in place, maximizing my upside in times of the dump
Trade closed manually
⋅ We hit that support #1 - after breaking through and confirming below the CYAN trend Line -
Im going to put together a new chart as things develop.
I am NOT in a bitcoin trade at the moment.
1) Dont go to sleep with open positions
2) Set Stop Losses and take profits to control you R:R ratios