entry at 256 and long to 261

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
44 4
long to 261, entry at 256
and put a stop where? looks like a bad risk/reward ratio...
nemercry JeroenHouttuin
Stoploss would be at 254.5.

But still: I assume you are right. It would be better to wait for a pullback into the 246 or 240 Region with and set a Stoploss 2-3 $ lower.
I just dont think thats gonna happen before 261.

What would you do ? ( Iam still a beginner, and would be happy to hear inputs.)
Tdot nemercry
Sometimes, the best thing to do is not to take any positions. You don't have to do anything, waiting is perfectly fine. :)
Second that. Both long and short trades come with a risk higher than I'm willing to take right now. I think I'll enjoy the weekend and see again on Monday :)
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Pine Wizards Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out