BTCUSDT setup for a high probability trade to test highs. Looking for 3R
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entries so far
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just took a small stop in ETH which does not bode well for this position.. I will hold it until market structure changes... it has not, yet. The chop the last two days has been more than brutal.
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mmmmm.... ETH on potential breakdown area, BTC 128SMA stomping lower just like ETHs... stop is close.
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If I were to walk up on this current chart pattern as it looks right now I would want to short it. Terrible trading this week.
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Make or break right here... ETH and BTC both on bottom of their ranges and on my BTC stop.
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The Trinity of Trading ™ break down
Trade closed: stop reached
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BTC followed the ETH weakness and stopped us for 1R. And put us 0-3 in the last 3 trades. Next.
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This collapse back to range lows after that blow out north is killing alootttta accounts... whew. Im still on the sidelines but I will buy the push off of range lows with confirmation though.