I opened new Long position from 36850 and wait to impulse
Long 36850
Targets: 37950- 38830 - 39280 - 40220
Stop loss: 36350
x3 %5
All traders, please, don't forget for this⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️
I ask each of you to consider your own risk and money management. Do not trade with a large "X10-X100" and always place a stop loss.
Why am I opening Long Position
1) I open a long position due to the fact that it is at the level of 36850 - my trading bot indicated strong support from the buyer.
2) The strength of the seller is weaker (this can be seen at every 4 hours of the TF of the Candle (level - 36350 - 35850). Now this level serves as a support ...
3) By indicators -
4CH TF
MACD - development of events in the strong buyer's range.
Bollinger - Expansion of trend lines
RSI - 72/05
4) KDJ - formation of a wave structure of the ABC type
5) Considering that my trading bot indicated strong support at this mark, as well as gave new values for the next 3 days, I look forward to breaking through the resistance line 37500-38150 - and the price reaching new tops.
6) Also, according to my bot, Given the fact that information from exchanges comes in such a ratio that there are much more long positions than short ones, I decide to open such a long position.
But one factor warns me, that is the percentage of long and short positions - where 73.6% long - 36.2% - short.
For me, this ratio says that it is possible that there will be a price return.
So I already ask - each of you, to be in touch and keep your finger on the pulse.
7) We trade with the trend, the two previous positions worked perfectly, we have one long position open - therefore, I added this one to it. If there are any changes, I will immediately inform you. A bad scenario is a rebound from the 37500-38150 border with an impulse, and the price return to our level. Therefore, I ask everyone to be in touch and keep abreast. It is important for us to correctly assess the situation and, if possible (if this happens, to move the stop loss to breakeven) Then we will look towards the short positions, if the trend line (support) of this rising wedge is broken and consolidated below.
8) If the price already moves from our entry, not in our direction - and will trade at around 36600 - 36400. We will have to reverse the position, closing this with a loss.
Since there will be a true confirmation of the level retention - and the previous candlestick will become a "falling star - price / trend reversal)"
I hope that I have correctly assessed the situation, and we will not suffer losses.
We observe every point of our trade! This is very important now. I ask each of you - DO NOT INCREASE THE LOT IN POSITION.
Targets: 37950- 38830 - 39280 - 40220
Stop loss: 36350
x3 %5
All traders, please, don't forget for this⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️
I ask each of you to consider your own risk and money management. Do not trade with a large "X10-X100" and always place a stop loss.
Why am I opening Long Position
1) I open a long position due to the fact that it is at the level of 36850 - my trading bot indicated strong support from the buyer.
2) The strength of the seller is weaker (this can be seen at every 4 hours of the TF of the Candle (level - 36350 - 35850). Now this level serves as a support ...
3) By indicators -
4CH TF
MACD - development of events in the strong buyer's range.
Bollinger - Expansion of trend lines
RSI - 72/05
4) KDJ - formation of a wave structure of the ABC type
5) Considering that my trading bot indicated strong support at this mark, as well as gave new values for the next 3 days, I look forward to breaking through the resistance line 37500-38150 - and the price reaching new tops.
6) Also, according to my bot, Given the fact that information from exchanges comes in such a ratio that there are much more long positions than short ones, I decide to open such a long position.
But one factor warns me, that is the percentage of long and short positions - where 73.6% long - 36.2% - short.
For me, this ratio says that it is possible that there will be a price return.
So I already ask - each of you, to be in touch and keep your finger on the pulse.
7) We trade with the trend, the two previous positions worked perfectly, we have one long position open - therefore, I added this one to it. If there are any changes, I will immediately inform you. A bad scenario is a rebound from the 37500-38150 border with an impulse, and the price return to our level. Therefore, I ask everyone to be in touch and keep abreast. It is important for us to correctly assess the situation and, if possible (if this happens, to move the stop loss to breakeven) Then we will look towards the short positions, if the trend line (support) of this rising wedge is broken and consolidated below.
8) If the price already moves from our entry, not in our direction - and will trade at around 36600 - 36400. We will have to reverse the position, closing this with a loss.
Since there will be a true confirmation of the level retention - and the previous candlestick will become a "falling star - price / trend reversal)"
I hope that I have correctly assessed the situation, and we will not suffer losses.
We observe every point of our trade! This is very important now. I ask each of you - DO NOT INCREASE THE LOT IN POSITION.
